TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Indian Contract Act Section 73: Compensation for Direct Losses from Breach, No Remote or Indirect Damages Allowed</h1> Under Section 73 of the Indian Contract Act, 1872, a party suffering from a breach of contract is entitled to compensation for losses or damages that naturally arise from the breach or were foreseeable at the time of contract formation. Compensation is not provided for remote or indirect losses. If an obligation similar to a contract is not fulfilled, the injured party can claim compensation as if a contract was breached. The statute emphasizes considering available remedies to mitigate inconvenience when estimating losses. Various illustrations demonstrate scenarios where compensation is due, focusing on direct losses rather than consequential or speculative damages.
TaxTMI 
TaxTMI 
