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Is there a term to describe someone breaching a contract for economic benefit - ie when it is better to pay damages for breach of contract than to continue under it.?
Wiki User
∙ 16y ago
Yes, the term for such a person is "intelligent." The system of contracts and remedies for breach includes the presumptionthat anyone with a "better deal" elsewhere will breach an inefficient contract, provided the risk of damages is outweighed by the potential benefits of the better deal.
Wiki User
∙ 16y ago
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On a 457 visa,on a job for 19 months and position made redundent due to economic crisis. My contract was for indefinate period, but verbly told for 2 years or over, They gave me 4 weeks to look for another sponser . Is there a breaching visa,?
There is nothing you can do if you do not have a job and a contract verbal means nothing legaly.
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