Which of the following occurs when a party fails to perform certain express or implied obligations, which impairs or destroys the essence of the contract?
A)material breach of contract
B)fraud
C)misrepresentation
D)bribery

Question

Quizplus · Accepted Answer

This is a case of material breach of contract, where a party fails to fulfill an express or implied obligation that impairs the essence of the agreement. This can result in termination of the contract and damages being sought by the affected party. Fraud, misrepresentation, and bribery are not examples of failure to perform obligations under a contract.

Which of the Following Occurs When a Party Fails to Perform