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Get Answers to all your Questions
Peter agrees to sell and deliver 50 kilograms of rice to Jack for Rs 5,000. The amount is to be paid on delivery. However, Peter fails to perform the promise. Jack buys 50 kilograms of rice from a neighbourhood trader for Rs 6,000. Can Jack claim compensation from Peter?
Option: 1
Yes
Option: 2
No
Option: 3
Can't be sure
Option: 4
Yes, and the amount compensated should be Rs.6000
Answers (1)
The compensation amount is the additional amount that John had to pay to procure the same quantity of rice of similar quality from the market. In this case, it is Rs 1,000. Therefore Jack can claim compensation amount from Peter. Hence correct option is A.
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