Ordinary damages are Claimed on breach of a Contract.a)Trueb)Falsec)No...
Answer:
Overview:
Ordinary damages refer to the compensation that is claimed by a party who has suffered a loss due to the breach of a contract. These damages are typically claimed in civil cases where one party fails to fulfill their obligations as stated in the contract. In such cases, the injured party can seek compensation to cover the losses they have incurred as a result of the breach.
Explanation:
1. Definition of Ordinary Damages:
- Ordinary damages are a type of compensatory damages that aim to put the injured party in the same financial position they would have been in if the breach had not occurred.
- These damages are designed to compensate for the actual losses suffered by the injured party, such as financial losses, property damage, or loss of profits.
2. Nature of Ordinary Damages:
- Ordinary damages are the most common type of damages claimed in breach of contract cases.
- They are awarded to compensate the injured party for the losses they have incurred due to the breach.
- These damages are calculated based on the actual losses suffered by the injured party, and they aim to restore the injured party to the position they would have been in if the breach had not occurred.
3. Claiming Ordinary Damages:
- In order to claim ordinary damages, the injured party must prove that they have suffered a loss as a result of the breach.
- They need to provide evidence of the actual losses incurred, such as financial records, receipts, or expert testimony.
- The amount of ordinary damages awarded will depend on the specific circumstances of the case, including the nature and extent of the losses suffered.
4. Other Types of Damages:
- In addition to ordinary damages, there are other types of damages that can be claimed in breach of contract cases.
- These include special damages, which are damages that are not directly related to the breach but are a foreseeable consequence of it.
- There are also punitive damages, which are awarded as a punishment to the party that breached the contract and to deter others from engaging in similar behavior.
Conclusion:
In conclusion, ordinary damages are claimed on breach of a contract. These damages aim to compensate the injured party for the actual losses they have incurred as a result of the breach. They are the most common type of damages claimed in breach of contract cases and are calculated based on the actual losses suffered by the injured party.
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.