Section 73 of Contract Act, 1872 Compensation of loss or damage caused by breach of contract When a contract has been broken, the party who suffers by such breach is entitled to receive, from the party who has broken the contract, compensation for any loss or damage caused to him thereby, which naturally arose in …
Section 72 of Contract Act, 1872 Liability of person to whom money is paid, or thing delivered by mistake or under coercion A person to whom money has been paid, or anything delivered, by mistake or under coercion, must repay or return it. Illustrations A and B jointly owe 100 rupees to C. A alone …
Section 71 of Contract Act, 1872 Responsibility of finder of goods A person who finds goods belonging to another, and takes them into his custody, is subject to the same responsibility as a bailee.
Section 70 of Contract Act, 1872 Obligation of person enjoying benefit of non-gratuitous act Where a person lawfully does anything for another person, or delivers anything to him, not intending to do so gratuitously, and such another person enjoys the benefit thereof, the latter is bound to make compensation to the former in respect of, …
Section 69 of Contract Act, 1872 Reimbursement of person paying money due by another, in payment of which he is interested A person who is interested in the payment of money which another is bound by law to pay, and who therefore pays it, is entitled to be reimbursed by the other. Illustration B holds …
Section 68 of Contract Act, 1872 Claim for necessaries supplied to person incapable of contracting, or on his account If a person, incapable of entering into a contract, or anyone whom he is legally bound to support, is supplied by another person with necessaries suited to his condition in life, the person who has furnished …
Section 67 of Contract Act, 1872 Effect of neglect of promisee to afford promisor reasonable facilities for performance If any promisee neglects or refuses to afford the promisor reasonable facilities for the performance of his promise, the promisor is excused by such neglect or refusal as to any non-performance caused thereby. Illustration A contracts with …
Section 66 of Contract Act, 1872 Mode of communicating or revoking rescission of voidable contract The rescission of a voidable contract may be communicated or revoked in the same manner, and subject to the same rules, as apply to the communication or revocation of the proposal.
Section 65 of Contract Act, 1872 Obligation of person who has received advantage under void agreement or contract that becomes void When an agreement is discovered to be void, or when a contract becomes void, any person who has received any advantage under such agreement or contract is bound to restore it, or to make …
Consequences of rescission of a voidable contract When a person at whose option a contract is voidable rescinds it, the other party thereto need to perform any promise therein contained in which he is promisor. The party rescinding a voidable contract shall, if he has received any benefit thereunder from another party to such contract, …