Of the consequences of Breach of Contract | Damages | Section-74 (Contract Act 1872)

Hey Everyone!

In this video the concept of 'Of the consequences of Breach of Contract' or Damages has been discussed with reference to Section-74 (Compensation for Breach of contract where penalty stipulated for) alongwith illustrations of the Indian Contract Act 1872.

Link of previously covered chapters is below
1) Contract

2) Void & Illegal Agreement

3) Void & Voidable Contract

4) Unilateral & Bilateral Contract

5) Proposal & Essentials of valid Proposal

6) Types of Proposal

7) Invitation to Proposal

8) Acceptance & Its Essentials (Part-1)

9) Section 4 when communication of acceptance is complete

10) Revocation of Proposal

11) Revocation of Acceptance

12) Modes of Revocation of Proposal

13) Capacity to contract (Part-1)

14) Necessaries supplied to Minor (Section-68)

15) Beneficial Contracts

16) Soundness of mind (Section-12)

17) Consent (Section-13)

18) Coercion (Section-15)

19) Undue Influence (Section-16)

20) Fraud (Section-17)

21) Misrepresentation (Section-18)

22) Section 19 & 19 (A)

23) Bilateral Mistake of fact (Section-20)

24) Effect of Mistake of Law (Section-21)

25) Unilateral Mistake of Fact (Section-22)

26) Consideration Section - 2(d)

27) Privity of Contract

28) Unlawful Consideration (Section-23)

29) Agreement in restraint of marriage (Sec-26)

30) Agreement in restraint of trade (Sec-27)

31) Agreement in restraint of legal proceedings (Section-28)

32) Agreement Void for uncertainty (Sec-29)

33) Wagering Agreement (sec-30)

34) Contingent Contract (Section- 31 to 36)

35) Discharge of Contract by Performance (Section-37 to 55)

36) Discharge of Contract by Breach (Section-39)

37) Discharge of Contract by Impossibility and illegality (Section-56)

38) Discharge of Contract by Novation, Recission and Alteration (Section-62)

39) Section-64

40) Section-65

41) Section-66

42) Section-67

43) Quasi Contract (Section-69)

44) Of the consequences of Breach of Contract (Damages) Section-73

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Hope you have enjoyed and learned in an easy way

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#damages#section74#contractact

[ishanshi]

I have been searching for a lecture on section 74 but no one has explained in this much depth and clarity .
Amazing lecture .

[sharmapreeti]

Aap jaisa koi ni smjha skta dii ... god bless you

[hazikawan]

Mam itna detailed koi bhe nahi parhata . thanks (from Pakistan)

[rupenzeljoe]

What is the difference between illustrations f and g under sec74? Why is illustration f liquidated damages and g a penalty?

[rakshitsharma]

Thank you so much for this informative video

[muhammadumeralijaved]

And if there is no loss to plaintiff in case of penalty?

[shrutichaurasia]

Hello mam. Mam section 74 of illustration B is penalty? And illustration F is liquidated? If these two answers were correct than i think that i understand all the concepts... Reply me soon mam

[sachingajwani]

Mam agr liquidated damages h to hmesha 100% milenge ? Or penalty discretion pr ya liquidated bhi kam krke mil skte

[santoshwadhwani]

Mam aap bohot acha smjhaye . Lekin 1sec. Ko samjhane me itna time ni lgna chahiye . Thoda koshish krke student ka time bachaiye or short me smjhaiye . Apne bohot saare words re-use kiye hai Jo jaruri nahi tha