The Sale of Goods Act, 1930 provides a remedy for breach of contract called:a.Rescissionb.Specific performancec.Quantum meruitd.Damages
Question
The Sale of Goods Act, 1930 provides a remedy for breach of contract called:
a. Rescission
b. Specific performance
c. Quantum meruit
d. Damages
Solution
The Sale of Goods Act, 1930 provides several remedies for breach of contract. These include:
a. Rescission: This is the cancellation of the contract, which puts the parties back to the position they were in before the contract was made.
b. Specific Performance: This is a court order requiring the party who breached the contract to fulfill their obligations as per the terms of the contract.
c. Quantum Meruit: This is a reasonable compensation for work done or services rendered when the amount due is not stipulated in a legally enforceable agreement.
d. Damages: This is a sum of money claimed or awarded in compensation for a loss or an injury.
Therefore, all the options (Rescission, Specific Performance, Quantum Meruit, Damages) provided are remedies for breach of contract under The Sale of Goods Act, 1930.
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