Law · Legal Studies
According to Section 53 of the Indian Contract Act, 1872, what is the consequence when one party to a contract containing reciprocal promises prevents the other from performing their promise?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The contract becomes voidable at the option of the party prevented✓
- 2The contract remains valid, but the prevented party can only claim nominal compensation
- 3Both parties are discharged from all obligations without any liability
- 4The contract becomes void
Correct answer
The contract becomes voidable at the option of the party prevented
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