_____ occur[s] when either party fails to perform the obligations due under the contract (without a valid or legal justification).

Question

Quizplus · Accepted Answer

The term "breach of contract" specifically refers to a situation in which one party fails to perform their obligations under a contract without a valid reason. Other choices such as damages, cancellation, restitution, and expectancy may be consequences or remedies resulting from a breach of contract, but they do not describe the situation where one party fails to perform their obligations.

_____ Occur[s] When Either Party Fails to Perform the Obligations