Multiple Choice Questions on Where the amount payable in case of breach is fixed in advance by way of liguidated damages the aggr........... for Judicial Services (Master) Preparation

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Multiple Choice Questions

Where the amount payable in case of breach is fixed in advance by way of liguidated damages the aggr...........

Indian Contract Act (ICA)1872 indemnity and guarantee
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    Where the amount payable in case of breach is fixed in advance by way of liguidated damages, the aggrieved party may claim

    a reasonable compensation for the breach

    Incorrect Answer

    the amount so fixed in the contract 

    Incorrect Answer

    (a) or (b) whichever is lower

    Correct Answer

    (a) or (b) whichever is higher

    Incorrect Answer
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    Explanation:

    (a) or (b) whichever is lower

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