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A voidable contract under Section 2(i) of ICA 1872 is:
AVoid from the very beginning
BA contract requiring stamp duty only
CAn agreement immediately enforceable by all parties
DEnforceable at the option of one or more parties but not others
Answer & Solution
Correct answer: D. Enforceable at the option of one or more parties but not others
1. Sec 2(i) covers voidable contracts.
2. Per OCR: "an agreement which is enforceable by law at the option of one or more parties thereto, but not at the option of the other or others, is a voidable contract."
3. Typical case: contract obtained by fraud — aggrieved party may rescind.
_Source: ICMAI BoS CMA Foundation Paper 1 (FBLC) — Paper1_07042026.pdf, Module 2 §2.1 (page 50)_