Question: What is the effect of a waiver of breach in a contract?

Options:

1. It permanently eliminates the right to enforce the contract
2. It allows the breaching party to avoid all liability
3. It prevents the non-breaching party from claiming future breaches
4. It has no effect on the contract

Correct Answer: It prevents the non-breaching party from claiming future breaches

Solution:

A waiver of breach prevents the non-breaching party from claiming future breaches of the same type.