Question: Which of the following is an example of a breach of contract?

Options:

1. One party fails to deliver goods as promised.
2. One party offers a lower price.
3. One party changes their mind about the deal.
4. One party asks for more time to think.

Correct Answer: One party fails to deliver goods as promised.

Solution:

A breach of contract occurs when one party fails to fulfill their obligations under the contract.