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Which of the following statements are correct? 1. In tort, the duties are imposed by law whereas in…

Statements 1, 2 and 4 hold, so the answer is "1, 2 and 4"; statement 3 is wrong because in tort damages are unliquidated while in contract they may be liquidated, the…

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Which of the following statements are correct?
1. In tort, the duties are imposed by law whereas in contract, duties are undertaken by the parties themselves.
2. In tort, the duty is towards the world at large but in contract, the duty is towards specific individual or individuals.
3. In tort, damages are liquidated but in contract, the damages are unliquidated.
4. In tort, a person may be liable for the wrongs committed by others also but in contract, the liability governs the parties to the contract only.

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Answer and explanation

Correct answer A

Statements 1, 2 and 4 hold, so the answer is "1, 2 and 4"; statement 3 is wrong because in tort damages are unliquidated while in contract they may be liquidated, the reverse of what statement 3 asserts.

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