Which of the following is true ........

Indian Contract Act (ICA)1872 Valid and Void Contracts

Which of the following is true?

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 the 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.

Both (a) and (b)

Neither (a) nor (b)

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Explanation:

Section 64 –
64. Consequence of rescission of voidable contract. When a person at whose option a contract is voidable rescinds it, the other party thereto need to perform any promise therein contained in which he is the 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.