X' agreed to supply 1000 tons of iron at Rs. 100 per ton to 'Y' to be delivered not later than 31st January, 2002. 'X' also entered into a contract with 'A' for purchase of 1000 tons of iron at Rs. 80 per ton telling 'A' clearly that the iron is needed before 31st January, 2002 for supply to 'Y' to fulfil the contract with Y. 'A' fails to supply the iron to 'X' who in tum failed to supply the same to 'Y'. In an action by 'X' against 'A'.
A. X' can recover damages for the loss of profit at the rate of Rs. 20 per ton i.e., the loss of profit
B. X' can recover damages for the loss or profit he would have earned by timely supply to 'Y' and also the damages which 'X' might have paid to 'Y' on account of breach of contract
C. X' can recover damages which 'X' might have paid to 'Y' on account of breach of contract
D. X' can recover damages in the form of penalty
Answer: Option B
This Question Belongs to Law >> Indian Contract Act
Indian Contract Act:- Gods displayed in showcase of a shop with price tag is -
A. Invitation to offer
B. Counteroffer
C. Communication
D. None of these
A. Is available to Y's representatives alone
B. Is available to Z alone
C. Is available to Y's representatives & Z both
D. Is available to Y's representatives & after the death of Z, his representatives
Moses v. Macferlan (1555-1774) is a case relating to
A. Theory of unjust enrichment
B. The right of lien
C. Test of agency
D. Doctrine of frustration
A. The active concealment of a fact by one having knowledge or belief of the fact
B. A promise made without any intention of performing it
C. The suggestion, as a fact, of that which is true, by one who does believe it to be true
D. None above
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