CS Professional · Drafting, Pleadings and Appearances · Commercial Contract Management
Kavita Exports signed a contract under coercion by Deepak Ltd. She communicates rescission by a letter posted on Monday and then wishes to withdraw it. Under Section 66, how may rescission be communicated or revoked?
Under Section 66, rescission of a voidable contract is communicated or revoked in the same manner, and subject to the same rules, as the communication or revocation of a proposal. No court decree or special deed is needed under that section.
- AOnly through a court decree
- BIn the same manner and subject to the same rules as apply to communication or revocation of a proposalCorrect
- COnly by a registered deed executed before a notary
- DRescission cannot be revoked in any circumstances
Explanation
Section 66 says rescission of a voidable contract may be communicated or revoked in the same manner and under the same rules as a proposal. No court decree or deed is required by that section.
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