Q: Describe section 73 of Indian Contract Act, 1872 ?
Ans: Section 73 of the Contract Act provides that the party who suffers from the breach is entitled to compensation for any loss or damage caused to him thereby. The right to compensation as well as its quantum will however depend on who is at fault for the delay. In case where the contractor fails to complete the work on time owing to faults on his part the employer is entitled to claim damages and vice-versa.
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