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Get Answers to all your Questions
Which section of the Indian Contract Act, 1872 says that " if an amount is mentioned in a contract as the sum to be paid in case of a breach, then the suffering party is entitled to reasonable compensation, not exceeding the amount specified."
Option: 1
Section 72
Option: 2
Section 74
Option: 3
Section 76
Option: 4
Section 75
Answers (1)
Section 74 is about Compensation for breach of contract where penalty stipulated for. Hence correct option is B.
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