Kids' Corner, a toy store, ordered a supply of stuffed toys from Toyland Inc. The toys were supposed to be delivered on December 1 but were sent to Kids' Corner on December 5. There has been a(n) _____ of contract.

Question

Quizplus · Accepted Answer

A promisor is guilty of material breach of contract if his or her performance fails to reach the degree of perfection the other party is justified in expecting under the circumstances. In contracts in which failure to perform on time is a material breach, it is said that time is of the essence. Clearly time is of the essence in the above contract.

Kids' Corner, a Toy Store, Ordered a Supply of Stuffed