alleryStart learning →Under Section 74, must actual loss be proved to claim the named sum?
AYes, but only above Rs 1,000
BYes, always, with documents
CNo, but only for government bonds
DNo, actual loss need not be proved
Answer & Solution
Correct answer: D. No, actual loss need not be proved
The section applies whether or not actual damage is proved, so proof of loss is not a precondition.
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?