____ can be defined as failure of one of the parties to live up to the terms and conditions of the contract.

Name: ____ can be defined as failure of one of the parties to live up to the terms and conditions of the contract.
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Question

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Cancellation for default refers to the termination of a contract due to the failure of one of the parties to fulfill their obligations as outlined in the contract. This can include failure to pay, failure to deliver goods or services, or any other breach of contract.

____ Can Be Defined as Failure of One of the Parties