Which term describes when a party unjustifiably fails to substantially perform his or her obligations under the contract?
A) Immaterial breach
B) Substantial breach
C) Material breach
D) Delineated breach
E) Crossed breach

Question

Quizplus · Accepted Answer

A material breach is when a party fails to perform their obligations under the contract in such a way that it significantly impairs the value of the contract and undermines the purpose for which the contract was made.

Which Term Describes When a Party Unjustifiably Fails to Substantially