Asked by
Khalid Burghal
on Nov 27, 2024Verified
If performance of a contract is not substantial, there is a material breach, which excuses the nonbreaching party from performance.
Material Breach
A significant violation or failure to meet a contractual agreement, justifying termination of the contract by the other party.
Substantial
Of considerable importance, size, or worth; significantly large or of a degree that merits attention.
Nonbreaching Party
The party in a contractual agreement that has not failed to fulfill their obligations as set forth in the contract.
- Recognize the components and outcomes resulting from a contract violation.
Verified Answer
WP
Learning Objectives
- Recognize the components and outcomes resulting from a contract violation.