Breach of Contract
/briːtʃ əv ˈkɒntrækt/
Contract Law Term
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Definition
Failure to perform any term of a contract without legal excuse. Actual or anticipatory.
Jurisdiction: InternationalEtymology
From English contract law, largely codified in India by the Indian Contract Act, 1872. Roots in Roman law concepts of obligatio and later English equity principles.
Examples
Case Study
Section 73 of the Indian Contract Act codifies the rule in Hadley v. Baxendale — damages for breach are limited to losses arising naturally from the breach or those in the reasonable contemplation of the parties at the time of contracting.
Key Cases
Murlidhar Chiranjilal v. Harishchandra Dwarkadas
1962AIR 1962 SC 366
Discussed anticipatory breach and the innocent party's right to immediately accept repudiation and sue for damages. Section 73 applies to both actual and anticipatory breach.
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