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If a party fails to perform their obligations under a contract, this is known as

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Question: If a party fails to perform their obligations under a contract, this is known as:

Options:

  1. Breach of contract
  2. Performance
  3. Acceptance
  4. Revocation

Correct Answer: Breach of contract

Solution: 

A failure to perform obligations under a contract is termed a breach of contract.

If a party fails to perform their obligations under a contract, this is known as

Practice Questions

Q1
If a party fails to perform their obligations under a contract, this is known as:
  1. Breach of contract
  2. Performance
  3. Acceptance
  4. Revocation

Questions & Step-by-Step Solutions

If a party fails to perform their obligations under a contract, this is known as:
  • Breach of Contract – A breach of contract occurs when one party fails to fulfill their obligations as outlined in the agreement.
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