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SHORT ANSWER: The Indian Contract Act, 1872 addresses breach of contract issues under Section 73 to Section 75. DETAILS: - Section 73 provides for compensation for loss or damage caused by breach of contract. - Section 74 deals with the penalty for breach of contract and stipulates that if a contract specifies a penalty, the party suffering loss can claim reasonable compensation. - Section 75 states that a party is entitled to compensation for any loss or damage caused by the breach, even if the breach was not intentional. PUNISHMENT / IMPLICATIONS (if applicable): - The party in breach may be liable to pay damages to the aggrieved party. SOURCE: - Indian Contract Act, 1872
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