A and B entered into a contract under which A was to sell certain shares to B to be delivered on or before 30th December 2012. The shares were offered to B on the said day but he refused to take delivery or pay for them. the difference between the market price and the contract price of the shares as on 30.12.2012 was Rs. 1,50,000/-. Subsequently, between March 2013 to June 2013. A sold the shares in the market and recovered around Rs. 70,000/-. A instituted a suit against B on 01.07.2013 for a compensation of Rs. 1,50,000/-. B contends that A is entitled to claim only Rs. 80,000/- i.e. the actual loss suffered by A after adjusting the price realized by sale of shares.

Decide the amount of compensation due from B to A.        (10 Marks)