Correct option is C
An agreement that is enforceable by law at the option of one or more of the parties, but not at the option of the other, is defined as a
voidable contract under
Section 2(i) of the
Indian Contract Act, 1872. A
voidable contract arises when one party's consent is not free (for example, due to coercion, fraud, or misrepresentation), giving that party the right to either enforce the contract or avoid it.
Explanation:
Voidable Contract (Section 2(i), Indian Contract Act, 1872):
· A
voidable contract is a legally valid agreement but can be
avoided (canceled) at the discretion of one of the parties (usually the aggrieved party) due to factors like coercion, undue influence, fraud, or misrepresentation.
· The non-consenting party has the right to either
enforce or
avoid the contract, making it voidable. Until it is rescinded, the contract remains legally binding.
Other Options:
·
Void contract (a): A void contract is an agreement that
was never enforceable by law (Section 2(j)).
·
Illegal contract (b): An illegal contract is one that involves unlawful actions, and it is
void from inception.
·
Unenforceable agreement (d): An unenforceable agreement is valid but cannot be enforced due to some technicality, like the absence of proper documentation.
