Question

If a party to a contract breaches a condition of the contract, and the other party...

If a party to a contract breaches a condition of the contract, and the other party does not take steps to end the contract, then the condition is most likely to become a
a. Fundamental breach
b. Warranty ex post facto
c. Condition subsequent

Homework Answers

Answer #1

Answer-

The correct Option is a. Fundamental breach

The fundamental breach of contracts states that the party commits a breach of the contract that is so fundamental that it deprives the other or weaker party of the whole of the contract’s benefits,

The Option b is incorrect. Warranty ex post facto

In thi case the other party sues the party on breach of contract and claim damages

Option c is incorrect.

A condition subsequent is an event that brings an end to something else. A condition subsequent is often used in a legal context as a marker bringing an end to one's legal rights or duties.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If a party to a contract breaches a condition of the contract, and the other party...
If a party to a contract breaches a condition of the contract, and the other party does not take steps to end the contract, then the condition is most likely to become a a. Fundamental breach b. Warranty ex post facto c. Condition subsequent Could you explain your answer? thank you
If the other party to a contract you entered into breached the contract, what steps would...
If the other party to a contract you entered into breached the contract, what steps would you take to obtain money damages? write in 500 words
24. A “material breach” of a contract: Select one: a. Occurs when the non-defaulting party does...
24. A “material breach” of a contract: Select one: a. Occurs when the non-defaulting party does not get all or substantially all the benefit he bargained for. b. Is an unjustified failure by a party to perform his principal obligations as promised in a contract. c. All of the above. d. Occurs when the breach significantly impairs one party’s rights under the contract.
1. contract may facilitate exchange when which of the following is true? a. one party is...
1. contract may facilitate exchange when which of the following is true? a. one party is monopolist so there's no perfect competition b. exchange is deferred c. no transaction cost d. none 4. Suppose one party to a contract breaches the contract due to particular contingency but the contract is silent as to which party should bear the risk of that contingency. Econ efficiency suggests which party should bear the risk? a. breaching party b. non-breaching party c. whichever party...
48. IF A CONTRACT CONTAINS EITHER AN EXPRESS OR IMPLIED CONDITION SUBSEQUENT, AND IF THE SPECIFIED...
48. IF A CONTRACT CONTAINS EITHER AN EXPRESS OR IMPLIED CONDITION SUBSEQUENT, AND IF THE SPECIFIED CONDITION THEREAFTER DOES OCCUR, THIS MEANS THAT BOTH PARTIES: (A) MUST NOW GO AHEAD AND PERFORM THEIR OBLIGATIONS (B) ARE NOW FREED OF THEIR OBLIGATIONS UNDER THE CONTRACT (C) ARE NOW FREED OF THEIR OBLIGATIONS IF-AND ONLY IF-THEY MUTUALLY AGREE TO CANCEL THE CONTRACT
25. In the event of a breach of contract, the non-breaching party has an obligation to...
25. In the event of a breach of contract, the non-breaching party has an obligation to minimize their loss. Select one: True False Which of the following is true about the privity of contract doctrine? Select one: a. It restricts the operation of a contract to those who are parties to it b. It allows any person(s) with a specific loss to bring an action c. It excludes parties to the contract from bringing an action d. It allows any...
The breach of a warranty in a contract allows for which of the following remedies? Select...
The breach of a warranty in a contract allows for which of the following remedies? Select one: a. The non-breaching party can terminate the contract and/or sue for damages b. The non-breaching party can rescind the contract c. The non-breaching party is entitled to sue for damages d. The non-breaching party can terminate the contract only if the subject is rare or unique Which of the following statements is not true with respect to arbitration proceedings? Select one: a. An...
When your objective is to get the other party to make a series of concessions, you...
When your objective is to get the other party to make a series of concessions, you are likely to be most effective in obtaining what you want if you: A )Ask for the smaller concessions first and build up to the larger, then largest concessions. B) Ask for the largest concession first. C) Reject then retreat. D) The contrast principle.
Raj defends against a breach-of-contract suit by Student Loan Corporation by claiming that their deal—a student...
Raj defends against a breach-of-contract suit by Student Loan Corporation by claiming that their deal—a student loan—was unfair because the consideration for the contract was inadequate. With respect to Raj’s defense, the court will most likely rule in favor of the lender on the ground that    a. Raj promised to do something that he had no prior legal duty to do.      b. Raj performed an act that he was not otherwise obligated to undertake.      c. Raj refrained...
40. Does a counter proposition enjoy the same rights of withdrawal (before acceptance) as the original...
40. Does a counter proposition enjoy the same rights of withdrawal (before acceptance) as the original offer to purchase? A. Yes, it is a new offer                                                                                 C. Only after 3 days B. No, it was rejected by the seller                                                      D. Only after 5 days                                                                            41. Mary just listed her neighbor’s property. What kind of contract does her brokerage have with them? A. Listing agreement                                                     C. Contract for deed B. Buying agreement                                                 D. Installment contract 42. Who are the principal...