Asked by

Khalid Burghal
on Nov 27, 2024

verifed

Verified

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.
verifed

Verified Answer

WP
William PatrumNov 29, 2024
Final Answer:
Get Full Answer