Web Analytics Made Easy - StatCounter
Home

What is compensation of breach of contract under Indian Contracts Act, 1872 where penalty is stipulated for?

Breach of contracts can be divided into damages payable as Penalty or Liquidated Damages. Liquidated damages are imposed as compensation to the party whereas penalty is imposed for punishment.

Related FAQs

  1. What is contracts in restraint of trade under Indian Contracts Act, 1872?
  2. What is the right of rescinding the contract under Indian Contracts Act, 1872?
  3. What is compensation of loss and damage for breach of contracts under Indian Contracts Act, 1872 ?
  4. What are the remedies for breach of contracts under Indian Contracts Act, 1872 ?
  5. What is meant by breach of contract under Indian Contracts Act, 1872?
  6. What is meant by misrepresentation according to Indian Contracts Act, 1872?

For more information please contact us at : info@ssrana.com