Asked by
Ithzayana Quilihua
on Nov 27, 2024Verified
Under the policy that a contract can be terminated if major difficulties arise, a material breach discharges the non-breaching party from a contract.
Material Breach
A significant violation of a contract that justifies termination of the agreement by the other party.
Major Difficulties
Challenges or obstacles of significant magnitude that impede progress or achievement.
Terminated
Ended or concluded, often referring to contracts, employment, or agreements.
- Recognize the various kinds of contract infractions and their ensuing effects.
Verified Answer
KB
Learning Objectives
- Recognize the various kinds of contract infractions and their ensuing effects.