On breach of a bail-bond, a person is liable to pay what?
AHalf the sum named
BActual loss proved
CThe whole sum in the bond
DReasonable compensation
Answer & Solution
Correct answer: C. The whole sum in the bond
The Exception makes a bail-bond signatory liable for the entire amount mentioned in the instrument.
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?