Multiple choice

Under which of the following section of the Indian Contract Act, 1872, remedies for breach of contract are available

  1. Section 72

  2. Section 73

  3. Section 74

  4. Section 32
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B Correct answer
Explanation

Section 73 of the Indian Contract Act, 1872 provides the remedy for breach of contract - compensation for any loss or damage caused by the breach. This section establishes the principle of damages based on the natural consequences of the breach. Section 74 deals with penalty clauses, Section 72 with restitution, and Section 32 with contingent contracts.

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