When at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing, or promises to do or promises to abstain from doing something, such act or abstinence or promise is called a consideration for the promise.
(Refusal or failure when time for performance is due, or
Right of Rescission
Claim for damages
Suit for specific Performance
Suit for Injunction
Claim for Damages Damages U/S Section 73 Damages U/S Section 74 Only damages naturally flowing from breach (Ordinary Damages) Special Damages (No claim for consequential loss unless in the Contemplation of the parties ( Hedley v. Baxendale) Exemplary Damages Nominal Damages Pre-fixed Damages Penalty Liquidated Damages (What can be recovered is actual loss or amount prefixed, whichever is less)