When is a breach considered material, and what effect does that have on the other partys obligation
Question:
When is a breach considered material, and what effect does that have on the other party’s obligation to perform?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
A breach of contract is considered material when it results in a loss of v...View the full answer
Answered By
Rohit singh
I have been tutoring for over 2 years now and have experience with a wide range of subjects and students. I have a Bachelor's Degree in Renewable Energy and Environmental Physics. I am also a certified teacher and have experience working in the classroom. I am patient and adaptable, and I truly enjoy working with students one-on-one to help them succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Business Law Today Comprehensive Text And Cases Diverse Ethical Online And Global Environment
ISBN: 9781285428932
10th Edition
Authors: Roger LeRoy Miller
Question Posted:
Students also viewed these Social Science questions
-
What is a flow-through entity, and what effect does this designation have on how business entities and their owners are taxed?
-
What is emancipation, and what effect does it have on a contract?
-
What is a novation and what effect does it have on a prior contract html editor keyboard shortcuts?
-
BT is considering investing in government bonds. The current price of a P100 bond with 10 years to maturity is P88. The bonds have a coupon rate of 6% and repay face value of P100 at the end of the...
-
There are many different and varied formats and strategies for radio stations, but one thing they all have in common is the need for an audience in order to attract advertisers. Table 3.9.8 shows the...
-
2. Purchases land having a fair value of $370,000.00 by issuing a 4-year, zero-interest-bearing promissory note in the face amount of $561,686.01. Purchases equipment by issuing a 7%, 8-year...
-
Find a book or web site that defines a set of rules for English grammar or the grammar of another human language. Express all of the rules in BNF and as transition networks. What problems do you...
-
Prepare and Interpret Income Statements; Changes in Both Sales and Production; Lean Production Starfax, Inc., manufactures a small part that is widely used in various electronic products such as home...
-
Betty DeRose, Inc. operates two departments, the handling department and the packaging department. During April, the handling department reported the following information: % complete % complete work...
-
1. If OxyContin is addictive, then either the pharmaceutical industry has stopped making it or thousands of patients are becoming addicted to it. The pharmaceutical industry has not stopped making...
-
Will the courts allow parties to avoid performing their contractual duties when performance becomes extremely difficult or expensive?
-
What is substantial performance?
-
Discuss how costs flow through the Raw Materials Inventory,Work in Process Inventory, and Finished Goods Inventory accounts to cost of goods sold.
-
Why does organizational form affect the choice of financing?
-
What considerations enter into the financing decisions of ventures that are facing financial distress?
-
How is the financing of social (not-for-profit) ventures different from the financing of for-profit ventures?
-
How do the following considerations affect the choice of financing? (a) Expected growth is high, but growth prospects are highly uncertain. (b) Venture reputation is important to customers and...
-
Why is it important to have a clear objective in mind when planning an entrepreneurial venture?
-
You are to drive 300 km to an interview. The interview is at 11:15 A.M. You plan to drive at 100 km/h, so you leave at 8: 00 A.M. to allow some extra time. You drive at that speed for the first 100...
-
1. Which of the four major types of information systems do you think is the most valuable to an organization? 2. How do you critically associate the ideas of business agility and business efficiency...
-
John Sasson and Emily Springer met in January 2002. John worked for the U.S. Army as an engineer. Emily was an attorney with a law firm. Six months later, John bought a townhouse in Randolph, New...
-
John Sasson and Emily Springer met in January 2002. John worked for the U.S. Army as an engineer. Emily was an attorney with a law firm. Six months later, John bought a townhouse in Randolph, New...
-
Did Beaver have the contractual capacity to enter a contract with an exculpatory clause? Why or why not? Renee Beaver started racing go-karts competitively in 1997, when she was fourteen. Many of the...
-
4. Methane burns in air with an equivalence ratio of =0.85, determine the composition of the products: What are the Mass Fractions of each species in the Products?
-
1. Describe the health and safety requirements of the area in which the installation activity is to take place, and the responsibility these requirements place on the learner 2. Describe the...
-
1. Which is easier for nucleation in solids, homogeneous or heterogeneous nucleation? What are the common defects present in solid solution (list at least five kinds of defects)? Are the defects...
Study smarter with the SolutionInn App