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.
temporary/contract work
"Contract of sell" is just "contract of sale" misspelled.
Difference between Percentage of Completion method and Completed Contract method?
the are just different.
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.
"In finance, a contract for difference is a contract between two different parties. Buyer and seller are involved. The buyer has to pay the seller the difference between the current value of the thing and its value during contract time."
Contract of affreightment is hiring the vessel or part of the vessel on the other hand charterparty contract mean the trade agreement between charterer and the shipowner.
However, if there is a material difference between the expected and actual balance, the auditor will investigate this difference further. At this point the auditor will develop an explanation for the difference.
a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances
The main difference between a void contract and an illegal contract is that a void contract is no longer valid. It's lost its authenticity. An illegal contract is a contract that is not legal in the name of law. Therefore, it is not relevant.
The material they are made of.
The only difference between a long call option and a long futures position is the derivative itself--one of them is an option, the other is a futures contract.