alleryStart learning →A agrees to sell B 50 quintals at Rs 2,000 each but defaults. Market price on due date is Rs 2,300. B's compensation?
ARs 1,00,000
BRs 10,000
CRs 15,000
DRs 1,15,000
Answer & Solution
Correct answer: C. Rs 15,000
The shortfall is Rs 300 per quintal, and 50 quintals at Rs 300 gives Rs 15,000.
Keep practising Breach of Contract and its Remedies
Browse all Breach of Contract and its Remedies questions for CA Foundation, or explore more Businesslaw topics.
Related questions
A contractor quits a school job midway. For work done, he claims on what basis?A liquidated sum must approximate likely loss assessed when?At common law a liquidated damages clause fails when its purpose is to do what?Damages that are uncertain or depend on contingencies are called what?Liquidated damages are an amount that the parties fix when?Which remedy can bar an employee from working for a rival when specific performance fails?At common law, a claimant's rights were limited to what?Specific performance is generally unavailable for shares that are what?