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What is the measure of damages in contracts of sale and purchase of goods?
  • a)
    The sum by which the contract price falls short of the market price
  • b)
    The difference between the contract price and the market price at the date of refusal to perform
  • c)
    The difference between the contract price and the price at which the purchaser might have obtained goods of like quality
  • d)
    The amount of loss suffered by the aggrieved party due to the breach of contract
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the measure of damages in contracts of sale and purchase of go...
In contracts of sale and purchase of goods, the measure of damages is the difference between the contract price and the price at which the purchaser might have obtained goods of like quality at the time and place they should have been delivered. If no date has been fixed for the performance of the contract and the promisor commits a breach, the measure of damages will be the difference between the contract price and the market price at the date of the refusal to perform. This allows the aggrieved party to recover the loss they have suffered as a result of the breach.
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What is the measure of damages in contracts of sale and purchase of goods?a)The sum by which the contract price falls short of the market priceb)The difference between the contract price and the market price at the date of refusal to performc)The difference between the contract price and the price at which the purchaser might have obtained goods of like qualityd)The amount of loss suffered by the aggrieved party due to the breach of contractCorrect answer is option 'C'. Can you explain this answer?
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What is the measure of damages in contracts of sale and purchase of goods?a)The sum by which the contract price falls short of the market priceb)The difference between the contract price and the market price at the date of refusal to performc)The difference between the contract price and the price at which the purchaser might have obtained goods of like qualityd)The amount of loss suffered by the aggrieved party due to the breach of contractCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the measure of damages in contracts of sale and purchase of goods?a)The sum by which the contract price falls short of the market priceb)The difference between the contract price and the market price at the date of refusal to performc)The difference between the contract price and the price at which the purchaser might have obtained goods of like qualityd)The amount of loss suffered by the aggrieved party due to the breach of contractCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the measure of damages in contracts of sale and purchase of goods?a)The sum by which the contract price falls short of the market priceb)The difference between the contract price and the market price at the date of refusal to performc)The difference between the contract price and the price at which the purchaser might have obtained goods of like qualityd)The amount of loss suffered by the aggrieved party due to the breach of contractCorrect answer is option 'C'. Can you explain this answer?.
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