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This document provides sample answers and solutions to questions from IGNOU assignments for the subject Mercantile Law. It discusses key concepts related to contracts such as the essential elements of a valid contract, what constitutes a breach of contract, and the types of damages available to an aggrieved party in a breach. Specifically, it explains that mere silence does not constitute fraud, outlines anticipatory and actual breach, and discusses rescission of contract and suits for damages as remedies,

Author

SubodhSaxena

Language

EN