ECO402 - Microeconomics
Question(s) similar to the following:
How does the breach of contract take place. Explain by citing an example.
Question 1: How does the breach of contract take place. Explain by citing an example.
Answer: Suggest Edit
"A breach of contract occurs when a party thereto renounces his liability under it, or by his own act makes it impossible that he should perform his obligations under it or totally or partially fails to perform such obligations."
Illustration 1
Mr. Z (seller) enters into a contract with Mr. Y a purchaser for sale of specified goods as per stipulations of contract. Mr. Z breaks his promise; Mr. Y is entitled to receive from Mr. Z a particular amount as compensation.
Similar Questions:
Question 2: How does the breach of contract take place. Explain by citing an example.
Answer: Suggest Edit
"A breach of contract occurs when a party thereto renounces his liability under it, or by his own act makes it impossible that he should perform his obligations under it or totally or partially fails to perform such obligations."
Illustration 1
Mr. Z (seller) enters into a contract with Mr. Y a purchaser for sale of specified goods as per stipulations of contract. Mr. Z breaks his promise; Mr. Y is entitled to receive from Mr. Z a particular amount as compensation.
Past Papers of ECO402 - Microeconomics
Question 1: How does the breach of contract take place. Explain by citing an example.
Answer: Suggest Edit
"A breach of contract occurs when a party thereto renounces his liability under it, or by his own act makes it impossible that he should perform his obligations under it or totally or partially fails to perform such obligations."
Illustration 1
Mr. Z (seller) enters into a contract with Mr. Y a purchaser for sale of specified goods as per stipulations of contract. Mr. Z breaks his promise; Mr. Y is entitled to receive from Mr. Z a particular amount as compensation.
Similar Questions:
Question 2: How does the breach of contract take place. Explain by citing an example.
Answer: Suggest Edit
"A breach of contract occurs when a party thereto renounces his liability under it, or by his own act makes it impossible that he should perform his obligations under it or totally or partially fails to perform such obligations."
Illustration 1
Mr. Z (seller) enters into a contract with Mr. Y a purchaser for sale of specified goods as per stipulations of contract. Mr. Z breaks his promise; Mr. Y is entitled to receive from Mr. Z a particular amount as compensation.
Our VULMS adds features of MDBs and lets your populate VU subjects automatically.
Try our 3 days free demo now! Online online holy quran tajweed classes are useful to learn reading holy quran with tajweed.
Gegasoft Point of Sale/Customer Relationship Management software is an accounting software to fulfill your business needs.