Under the Indian Contract Act, 1872, what is an agreement that the law lets one or more parties enforce…
Section 2(i) calls this a voidable contract. The protected party may elect whether to enforce it. A contract that has already been rescinded presents a different situation.
Choose your answer
Under the Indian Contract Act, 1872, what is an agreement that the law lets one or more parties enforce at their option, but does not give that option to the other party or parties?
Answer and explanation
Correct answer B
Section 2(i) calls this a voidable contract. The protected party may elect whether to enforce it. A contract that has already been rescinded presents a different situation.
Option feedback
Option A
A contract that has become void has ceased to be enforceable. The question describes an agreement still enforceable at a specified party's option.
Option B
Section 2(i) defines a voidable contract by this asymmetry in the right to enforce.
Option C
The description turns on who can elect to enforce, rather than the structure of the parties' promises.
Option D
Rescission is an exercise of a right to set aside a voidable contract. It is not the statutory name of the pre-election relationship.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
Kerala Judicial Services
-
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Supreme Court Law Clerk and Research Associate
Subject revision
-
Bihar Judicial Services
Subject revision
-
Uttarakhand Judicial Services
Subject revision