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Under Section 73 of the Indian Contract Act, 1872, compensation is barred for any remote and indirect loss or damage sustained by reason of the breach. If a supplier's delay causes a buyer to lose an undisclosed, lucrative downstream contract, how is this downstream loss classified?
A remote loss that cannot be recovered as it lacks mutual contemplation
A direct loss that can be recovered as it is a standard business transaction
A direct loss that cannot however be recovered as it was not disclosed earlier
A remote loss that can still be safely recovered as it fits standard expectations
A remote loss that cannot be recovered as it lacks mutual contemplation
Practice and solve "Under Section 73 of the Indian Contract Act, 1872, compensation is barred for any remote and indirec..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option A: A remote loss that cannot be recovered as it lacks mutual contemplation. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "Under Section 73 of the Indian Contract Act, 1872, compensation is barred for any remote and indirec..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option A: A remote loss that cannot be recovered as it lacks mutual contemplation. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
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