Asked by
Tanmay Sharma
on Nov 10, 2024Verified
Suppliers of goods and services try to eliminate their liability, and the courts have discouraged this by applying the principle that some failures are so significant that there is no performance of the contract. This concept is known as
A) repudiation.
B) frustration.
C) anticipatory breach.
D) fundamental breach.
E) exculpatory clause.
Fundamental Breach
A serious violation of a contract that permits the aggrieved party to terminate the agreement and seek damages.
Exculpatory Clause
A contract provision that relieves one party of liability if damages are caused during the execution of the contract.
Performance
Completion by both parties of the terms of a contract.
- Understand the use and impact of fundamental breach concept on contract enforcement.
Verified Answer
AS
Learning Objectives
- Understand the use and impact of fundamental breach concept on contract enforcement.
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