ICA Chapter 6: Consequences of Breach of Contract

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Check remedies for breach

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1. 1.What kind of loss does section 73 say is not compensated?

   Loss naturally arising in the usual courseLoss the parties knew was likely when contractingRemote and indirect lossLoss proved under the section
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   Section 73 excludes compensation for remote and indirect loss or damage sustained by reason of the breach.

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2. 2.Under section 74, reasonable compensation after breach cannot exceed what?

   The claimant's estimateThe sum named in the contract or the penalty stipulatedThe value of all future dealingsAn unlimited amount
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   Section 74 caps reasonable compensation at the amount named or the penalty stipulated, whether or not actual loss is proved in the manner described there.

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