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In force2023 Revised Edition
Contents

Part 5

65. Consequences of rescission of voidable contract

In plain English

When a party with the option to set aside a contract does so, the other party need not perform their promises under it. The party who sets it aside must return any benefit received under it, as far as possible, to the person who gave it.

Summary · Drafted with AI, checked against the official text on 30 Sep 2026.

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 a voidable 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.

Part

Certain Relations Resembling Those Created by Contract

Part

Consequences of Breach of Contract

Part

Indemnity and Guarantee

Part

Bailment

Part 10

Part

Partnership