Liability of party preventing event on which the contract is to take effect.

53. Liability of party preventing event on which the contract is to take effect.

When a contract contains reciprocal promises, and one party to the contract prevents the other from performing his promise, the contract becomes voidable at the option of the party so prevented; and he is entitled to compensation 1from the other party for any loss which he may sustain in consequence of the non- performance of the contract.

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