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Indian Contract Act

LLB Varun

Section 73 of Indian Contract Act

    Compensation for loss or damage caused by breach of contract.β€” When a contract has been broken, the party who suffers by such breach is entitled to receive, from the party who has broken the contract,… 

    LLB Varun

    Section 74 of Indian Contract Act

      Compensation for breach of contract where penalty stipulated for.β€” When a contract has been broken, if a sum is named in the contract as the amount to be paid in case of such breach, or… 

      LLB Varun

      Section 75 of Indian Contract Act

        Party rightfully rescinding contract, entitled to compensation.β€” A person who rightfully rescinds a contract is entitled to compensation for any damage which he has sustained through the non-fulfilment of the contract. Illustration A, a singer,…