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Forfeiture of Shares-Issued at Par

Solve :X boug...

Question

Solve :
X bought a horse with a warranty that it was free from any disease. The horse was suffering from a disease at the time of sale. As a result, not only that horse died but affected other horses also. Discuss the legal position.

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Solution

Solution: Section to which the given problem relates: Section 73.
Decision and Reason: X is entitled to claim not only the loss occasioned by the death he horse bought but the entire loss which occurred as a result of the breach of warranty.
Leading case: Smith V. Green

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