MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Contract Farming

Choose the co...

Question

Choose the correct answer from the alternatives given.
In case of anticipatory breach, the aggrieved party may treat the contract _______________.

A

as discharged and bring an immediate action for damages

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

as operative and wait till the time for performance arrives

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

exercise option either (a) or (b)

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

only option (a) is available

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C exercise option either (a) or (b)
Option C .
An anticipatory breach of agreement, is the point at which one party in an agreement shows that the person in question won't play out this or her legally binding commitments. Words or activities can both show that the party will neglect to hold up their finish of the agreement as guaranteed. This empowers the wronged party to guarantee a break of agreement.

Suggest Corrections

thumbs-up

0

Similar questions

Q. What remedies is/are available to the aggrieved party in an anticipatory breach of contract?

Q. For breach of a contract the aggrieved party ______________.

Q. When there is breach of contract, the resulting damages will have to be paid by the party breaching the contract to the aggrieved party.However, the parties are free to agree as to damages payable in advance in case there is breach of contract.
Facts: Mr. Ramesh entered into a contract with Mr.Ramakrishna for selling his green Alto Car for 3 lakhs. Mr. Ramakrishna was to pay Rs.3 lakhs on or before 25 April, 2005 and take possession of the car. The party failing to honour the contract has to pay Rs.40,000 as damages to the other party. Mr.Ramakrishna has not performed his part of the contract.Mr. Ramesh is claiming Rs.40,000.

Choose the correct option.

Q. Principle: When there is breach of contract, the resulting damages will have to be paid by the party breaching the contract to the aggrieved party. However, the parties are free to agree as to damages payable in advance in case there is breach of contract.
Facts: Mr. Ramesh entered into a contract with Mr. Ramakrishna for selling his green Alto Car for

R s . 3

lakhs. Mr. Ramakrishna was to pay

R s . 3

lakhs on or before

25^{t h}

2005

and take possession of the car. The party failing to honour the contract has to pay

R s . 40, 000 / -

as damages to the other party. Mr. Ramakrishna has not performed his apart of the contract. Mr. Ramesh is claiming

R s . 40, 000 / -

.

Q. Legal principle :when there is breach of contract, the resulting damages will have to be paid by the party breaching the contract to the aggrieved party. However, the parties are free to agree as to damages payable n advance in case three is breach of contract.

Factual Situation: Mr. Ramesh entered into a contract with Mr. Ramakrishna for selling his green Alto Car for Rs. 3 Lakhs. Mr. Ramakrishan was to pay Rs. 3 lakhs on or before 25 April, 2005 and take possession of the car. The party failing to honor the contract has to pay Rs. 40,000 as damages to the other party. Mr. Ramakrishna has not performed his part of the contract . Mr. Ramesh is claiming Rs.40,000.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Contract Farming

GEOGRAPHY

Watch in App

explore_more_icon

Explore more

Contract Farming

Standard VI Geography

Join BYJU'S Learning Program

CrossIcon