Section 73 of ICA : Section 73: Compensation For Loss Or Damage Caused By Breach Of Contract
ICA
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Explanation using Example
Imagine a situation where a homeowner, Mr. Sharma, contracts with a painter, Mr. Kumar, to paint his house for ₹50,000, with the work to be completed by the 1st of May. The contract stipulates that the painting must be done with a specific brand of paint and finish by the agreed date, as Mr. Sharma is hosting a wedding at his home shortly after.
Mr. Kumar fails to complete the job by the 1st of May. As a result, Mr. Sharma has to hire ano...
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