Multiple choice

Under which one of the following sections 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 specifically provides for compensation for loss or damage caused by breach of contract. Section 72 deals with liability of person to whom money is paid or thing delivered by mistake, Section 74 with penalty stipulation, and Section 32 with contingent contracts. Section 73 is the correct provision for breach of contract remedies.

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