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Question

If the compensation to be paid on breach of contract is the genuine pre-estimate of the prospective damages, it is known as

If the compensation to be paid on breach of contract is the genuine pre-estimate of the prospective damages, it is known as

.

Option A: Liquidated damages

Option B: Un-liquidated damages

Option C: Special damages

Option D: Penalty

Correct Answer

Option: a

Explanation

Liquidated damages as per the provision of section 73 and section 74 of Indian Contract Act

Sample Mock Tests for Practice

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 08 Q. NO. 281 TO 320)

MADHYA PRADESH LOWER JUDICIAL SERVICES 2019(1)

AIBE-XVI-2021-II (BCI-OCT-2021-SET-A) (ALL INDIA BAR EXAM 2021-II)

THE SPECIFIC RELIEF ACT, 1963 (PAPER – 03 Q. NO. 71 TO 105)

THE JUVENILE JUSTICE (CARE AND PROTECTION OF CHILDREN) ACT, 2000 (PAPER 01 Q. NO. 1 TO 13)

MADHYA PARDESH LOWER JUDICIAL SERVICES 2019-2

AIBE-XV-2021-I (BCI-JAN-2021-SET-C) (ALL INDIA BAR EXAM 2021-I)

G.K. ENGLISH – 01 GGSSS BNL

DELHI LOWER JUDICIARY 2008

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 13 Q. NO. 481 TO 520)

THE INDIAN CONTRACT ACT, 1872 (PAPER – 05 Q. NO. 141 TO 175)

JHARKHAND LOWER JUDICIAL SERVICES 2019

MAHARASHTRA LOWER JUDICIAL SERVICES 2022

DELHI LOWER JUDICIAL SERVICES 2022

THE ADMINISTRATIVE TRIBUNALS ACT, 1985 (PAPER-01 Q. NO. 1 TO 21)

THE COMPANIES ACT, 1956 (PAPER 01 Q. NO. 1 TO 19)

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 01 Q. NO. 1 TO 40)

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 18 Q. NO. 681 TO 720)

UTTARAKHAND LOWER JUDICIAL SERVICES 2002

MAHARASHTRA LOWER JUDICIAL SERVICES 2019

THE MADHYA PRASESH LAND REVENUE CODE, 1959 (PAPER 02 Q. NO. 31 TO 44)

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 17 Q. NO. 641 TO 680)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 03 Q. NO. 71 TO 105)

GUJRAT LOWER JUDICIAL SERVICES 2022

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 04 Q. NO. 121 TO 160)

CLAT 2017

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 05 Q. NO. 161 TO 200)

THE HINDU MINORITY AND GUARDIANSHIP ACT, 1956 (PAPER -01 Q. NO. 1 TO 14)

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 04 Q. NO. 121 TO 160)

SAMPLE PAPER 01

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 09 Q. NO. 321 TO 360)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 07 Q. NO. 211 TO 245)

UTTARAKHAND LOWER JUDICIAL SERVICES 2018

THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 06 Q. NO. 201 TO 240)

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 01 Q. NO. 01 TO 40)

AILET – National Law University Delhi Entrance Test (NLU 2013)