In a claim for compensatory damages for breach of a contract formed by offer and acceptance, what is…
Under section 2 of the Indian Contract Act, 1872, an offer precedes its acceptance. Under section 73, damages compensate the loss caused by the breach in the scenario.
Choose your answer
In a claim for compensatory damages for breach of a contract formed by offer and acceptance, what is the sequence of formation, loss and remedy?
Answer and explanation
Correct answer D
Under section 2 of the Indian Contract Act, 1872, an offer precedes its acceptance. Under section 73, damages compensate the loss caused by the breach in the scenario.
Option feedback
Option A
Offer precedes acceptance, and compensable loss precedes the award for it.
Option B
An award of damages for a specified loss follows that loss.
Option C
The contract forms before there can be an award for its breach.
Option D
The offer and acceptance come first, followed by the loss and then the award for it.
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