The Indian Contract Act

Effect of novation, rescission, and alteration of contract

Promise may dispense with or remit performance of promise

Consequences of rescission of voidable contract

Obligation of person who has received advantage under void agreement, or contract that becomes void

Mode of communicating or revoking rescission of voidable contract

Effect of neglect of promisee to afford promisor reasonable facilities for performance


Contracts which need not be performed


When a person at whose option a contract is
voidable rescinds it, the other party thereto need not perform any promise therein contained in which he is
promisor. The party rescinding avoidable contract shall, if he have received any benefit thereunder from
another party to such contract, restore such benefit, so far as may be, to the person from whom it was
received.1


LAWGIST

# 64 Consequences of rescission of voidable contract