When you sell a vehicle, especially via a third-party dealer, it is essential to understand the legal implications to protect yourself from unforeseen liabilities.
A common question in contract law is whether liquidated damages must be proven in court when a breach occurs. For example, if an allottee fails to pay the full amount for a flat within the agreed timeframe, can the builder legally forfeit the entire earnest money as compensation for this breach? The Hon'ble Supreme Court has provided clarity on this issue.