Asked by Hamza Nijdawi on Jun 17, 2024
Verified
Failure of a party to a contract to perform the obligations assumed in the contract is called
A) lack of contractual capacity.
B) an illegal contract.
C) breach of contract.
D) fraud.
Breach of Contract
The violation of a contractual obligation or a failure to perform any promised act or obligation.
- Recognize the legal implications of breaching a contract.
Verified Answer
DP
Dipan PatelJun 24, 2024
Final Answer :
C
Explanation :
Failure of a party to a contract to perform the obligations assumed in the contract is referred to as a breach of contract.
Learning Objectives
- Recognize the legal implications of breaching a contract.