Question

The concepts of Expectation, Reliance and Nominal damages are incompatible with Sections 73 and 74 of Contract Act. Furthermore, the concept of remoteness and punitive damages is alien to Pakistani Contract Law” What is your opinion and Why?​

Answer 1

Answer:

This article is written by Khushi Agrawal, a student of Symbiosis Law School, Noida. In this article, she has discussed the concepts of types of damages under Section 73 of the Indian Contract Act, 1872 in detail.

Introduction

Section 73 provides compensation for loss or damage caused by the breach of contract. When a contract has been broken, the party that suffers from such infringement is entitled to receive compensation for any loss or damage resulting from such infringement. Such compensation shall not be given for any remote and indirect loss or damage sustained as a result of the breach.