Asked by
Frank Strazza
on Nov 10, 2024
Verified
A breaching party is responsible for all lost profits flowing from a breach of contract.
Lost Profits
Financial gains that were expected but not realized due to the wrongful acts of another party.
Breach of Contract
The failure to fulfill the terms agreed upon in a contract, whether by not performing duties, providing defective goods, or any other non-compliance.
- Comprehend the judicial repercussions of violating a contractual agreement.
Verified Answer
NK
Learning Objectives
- Comprehend the judicial repercussions of violating a contractual agreement.