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.

Comments

Popular posts from this blog

Q: Difference between extra work and additional work ?

Q: Elaborate the citation of Obrascon Huarte Lain SA v Her Majesty’s Attorney General for Gibraltar, [2014] EWHC 1028 (TCC) ?