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What is the difference between a default and a breach of a contract?
Wiki User
∙ 9y ago
A default is when you are not able to pay back due to unforeseen circumstances but you will soon. A breach of contract is when you have not paid back in a long time.
Wiki User
∙ 9y ago
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What is a substantive contract in employment?
A substantive contract is a legally binding contract between an employer and an employee that details the duties and expectations of the position. With this contract legal action can be taken if either party is in breach of the agreement.
What does short title mean in an answer contract?
what is the short title for breach of contract
Damages for breach of contract should only be awarded where they arise naturally from the contractis known as?
Damages for breach of contract should only be awarded where they arise naturally from the contract are known as compensatory damages. This is what will compensate the aggrieved party to the contract.
What is specific performance of contract and under which circumstances specific performance not granted?
Specific performance is when the court orders someone who is in breach of contract to do what they said they would do under the contract. Specific performance is not granted if the contractual breach can be remedied with damages, or if it is a personal service.
Is Anything less than complete performance a material breach of a contract?
no
What is the difference between breach of contract and discharge of contract?
Discharged mean terminated. A contract can be discharged by -performance -frustration -Agreement between the parties and -breach If there is a breach of terms of the contract, a contract can be discharged.
What is theDifference between breach of contract and discharge of a contract?
breach is a form of discharge. Generally, a discharge is when a contract ends for any reason. A breach is when one of the parties does not perform under the contract. Breach could lead to discharge, rescission, or damages, or nothing.
What is Breach of condition?
A contract between two or more parties might contain conditions. If a condition of a contract is broken, it is a breach of condition.
What is the difference between a breach of warranty and a breach of a condition?
A warranty is less important than a condition and does not impact on the main purpose of the contract. A breach of a warranty entitles the injured party to claim for damages ONLY. They may not repudiate the contract. A condition is a major term that goes to the root of the contract. Such term is essentials to the main purpose of the contract and therefore the injured party is entitled to repudiate the contract as well as make a claim for damages.
What is the difference between a material breach of contract and a nonmaterial breach of contract?
A non-material breach would be one that does not really disadvantage either party, such as delivering green widgets instead of red widgets when they are going to be pained anyway. A material breach would be one that has a negative affect on them, such as failing to deliver the widgets on time and prevent them from making their final product.
Does breach of contract void a contract?
A breach of contract does not void the entire contract. It can still be enforced.
You signed a contract saying that you should pay a motorcycle for two years but wasn't able to pay on time for 6 months is that Breach of Contract?
It's a breach which may be a curable breach under the loan documents. The question really becomes was the breach cured. In other words, did the person ultimately pay. If the loan documents state that the Lender doesn't waive the right to declare untimely payments a breach then a breach could be called a default and the motorcycle could be repossessed. If the Lender accepts the payments late and the language doesn't preserve the right to call a default then the payments and acceptance are a waiver of the right to declare a default.
What is the difference between a mere representation and a term of the contract?
A mere representation is a statement made during negotiations but it may not form part of the contract. A mere representation (if breach) will not give rise to contractual liability whereas a term of the contract will.
Does any breach of contract allow the non breaching party to cancel the contract?
Not every breach allows a contract to be cancelled. It has to be a material breach.
Which type of law is breach of contract?
Breach of contract is a civil case. It is between two private parties, typically the government is not involved. The courts provide a place for the dispute to be worked out peacably.
What is the difference between a mere puff and a term?
A mere puff is a statement which does not have any legal relations.A breach of a mere puff will not give rise to liabilities. A term if breach whill give rise to legal liabilities and the innocent party is entitled to sue the person who was in breach of contract , hence this innocent party will recover the damages for which there was a breach.
What is the opposite of obeying a contract?
breach of contract
