MBAL-105: Legal Aspects in Business – Unit 8
Objectives: explain as to what amounts to a breach of contract; list the remedies in case of breach of contract; define quasi contracts and describe varioud types of quasi contracts.
Materials:
The relevant material is available here.
Questions:
- What do you understand by anticipatory breach of contract? State the legal positions of the parties in such a case.
- What are the rules under the Indian Contract Act for estimating the loss or damage arising from a breach of contract?
- What is ‘Breach of Contract’? What remedies are available to aggrieved party on the breach of a contract?
- “Compensation is not to be given for remote or indirect loss or damage sustained by the reason of the breach of contract”. Discuss.
- Write a short note on ‘Quantum Meruit’.