BUSINESS LAW
(KHALID MAHMOOD CHEEMA)
CHAPTER NO.10 (REMEDIES FOR BREACH OF CONTRACT)
Q. What is the Breach contract? discuss its remedies available to an agrieved party?
When a party bracks the contract by refusing to performed his promise the breach of contract takes place.
Breach: Acording to section 75: when one of the party to a contract commits a breach of contract the other party is released from his obligations under the contract.
e.g: A contract to supply goods to B on 15 april & Bagrees to supply on the appointed date . ,B is dischareged from the liabilities to pay the price, even B can cliam the damages on A.
Remedies of Breach contract:
1) Suit for rescission
2) Suit for damages
( see page no. 109 of books- headings with exaples)
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