Legal Question in Business Law in India
Contracts
What are expectancy and reliance damages in detail?
Asked on 3/12/07, 1:54 pm
2 Answers from Attorneys
JUZER UDAIPURI
M/S. UDAIPURI & COMPANY
Re: Contracts
Your question is outside the purview of the Indian Contract Act, 1872, but travels into the latest frontiers of damages under American Law.
Please consult a good legal lexicon of this. In the Contract Act, we do not have expectancy and reliance damages.
We have actual and compensatory damages under the law.
I hope I have answered your question.
Answered on 3/17/07, 11:14 am
G. M. Gupta
gmguptaandassociates
Re: Contracts
these terms are not in indian contract law
Answered on 5/01/07, 2:38 pm
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