H who was badly in need of money offered is sell his piano worth Rs. 5000 to C for Rs. 4000 C refused to buy. H gradually reduced his price until Rs. 1000 was reached, which C accepted. Before the piano was delivered, H received as offer of a larger sum from T, and he refused to carry out the contract with C, claiming that the consideration was inadequate. is H liable to pay damages to C for failure to carry out his part of the contracts?
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