Landmark case · Law of Contract – I · Semester 1
Fateh Chand v. Balkishan Dass
AIR 1963 SC 1405 · Supreme Court of India
Section 74 allows reasonable compensation not exceeding the named amount, even without proof of actual loss in every case.
From topic
Damages, penalty and duty to mitigate — Unit IV, Law of Contract – I.
Related sections:
- Indian Contract Act, 1872, 73 — Compensation for loss or damage caused by breach
- Indian Contract Act, 1872, 74 — Compensation for breach where penalty is stipulated
- Indian Contract Act, 1872, 75 — Party rightfully rescinding entitled to compensation