alleryStart learning →A named Rs 1,000 for missing a Rs 500 payment, and missed. B gets?
AJust the Rs 500 sum
BRs 1,500 in total
CA fair sum up to Rs 1,000
DExactly the Rs 1,000
Answer & Solution
Correct answer: C. A fair sum up to Rs 1,000
The Court fixes reasonable compensation, which cannot exceed the Rs 1,000 named.
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?