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ICA 1872 ,section 55

If the time is essential to the contract but the promisor did not perform the promise on the specified time , then the contract is voidable at the option of the aggrieved party ..ie promisee On that circumstances if the promisee is entitled to receive the compensation from the promisor for the delayed performance ?


Balaji R

Balaji R

CA Foundation

6K+

09-May-20 07:40

102

Answers (4)

All voidable contact is able to claim damages ?


Thread Starter

Balaji R

Balaji R

CA Foundation

6K+

09-May-20 07:49

Can anyone explain ?


Thread Starter

Balaji R

Balaji R

CA Foundation

6K+

09-May-20 21:22

The promisee will be entitled to claim compensation as well. Depending upon the amount of losses etc. These are generally specified in the contract.


Suraj Lakhotia

Suraj Lakhotia

Admin

10-May-20 07:05

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