Question
A painter ‘X’ has entered into contact for painting
picture for ‘Y’ Subsequantly ‘X’ has refused. Which of the following remedy is available to ‘Y’ against ‘X’?Solution
Section 73.   Compensation for 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 the usual course of things from such breach, or which the parties knew, when they made the contract, to be likely to result from the breach of it. Such compensation is not to be given for any remote and indirect loss or damage sustained by reason of the breach.
- A sum of Rs. 1,500 is invested at a simple interest rate of 10% per annum for 18 months. If the interest earned is Rs. 'q', find the value of (q - 15).
Rs. 4000 when invested at 6% p.a. for (x + 4) years gives a simple interest of Rs. 4800. Find the amount received when the same sum is invested at 5% p....
- Simple interest on a sum for 2 years is Rs. 300 and compound interest for same period is Rs. 315. Find the principal. (Rate of interest is same for both.)
A sum of money gets double in 5 years , in how many years it will be 8 times in CI?
At what rate percent per annum will Rs. 75,000 yields a compound interest of Rs. 6,120 in 6 months if the interest is being compounded quarterly? Calcul...
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1700 and Rs...
A man borrowed Rs 300 and promised to pay back in 11 equal instalments of Rs 30 each. Find the rate of simple interest per annum?
A man invested certain sum at 9% p.a. simple interest for his son who was 18 years old. If the amount received by the son when he was 28 years old is Rs...
Simple interest on a sum at 12% p.a. for 3 years is ₹2160. Find the compound interest on the same sum at 10% p.a. for 2 years.
Find the compound Interest on Rs. 8,000 @15 % p.a for 2 years 4 month Compounded annually?