Chapter 17: Performance, Breach, and Discharge Flashcards
1
Q
Breach of Contract
A
a wrongful failure to perform the duties owed under a contract or the wrongful prevention of the other party’s ability to perform their duties
2
Q
Material Breach of Contract
A
failure to substantially perform a major contractual duty; permits legal action
3
Q
Non-Material Breach of Contract
A
failure to perform a minor contractual duty; injured party cannot take legal action but is entitled to money
4
Q
Non-Material Breach
A
Alters contract in a minor way but the contract can still be fulfilled
