When one of the parties to a contract has failed to do what he or she has previously agreed to do,it is a:

A) fraud in the inducement.
B) failure of consideration.
C) breach of contract.
D) lack of delivery.

Question

Audrianna Lyons · Accepted Answer

Final Answer : C, Explanation :  A breach of contract occurs when one party fails to fulfill its obligations under a contract. This could involve failing to perform a promised service, delivering goods that do not meet the agreed-upon specifications, or failing to pay for services rendered. In contrast, fraud in the inducement involves making false statements or concealing material information in order to induce the other party to enter into the contract, while failure of consideration refers to situations where one party fails to provide the promised consideration (e.g. payment) for the other party's performance. Lack of delivery refers to situations in which goods or services are not delivered within the agreed-upon timeframe or at all.

When one of the parties to a contract has failed to do what he or she has previously agreed to do,it is a:

A) fraud in the inducement.
B) failure of consideration.
C) breach of contract.
D) lack of delivery.

Definitions

Learning Objectives

Learning Objectives

Related questions

When one of the parties to a contract has failed to do what he or she has previously agreed to do,it is a:A) fraud in the inducement.B) failure of consideration.C) breach of contract.D) lack of delivery.

Definitions

Learning Objectives

Learning Objectives

Related questions

When one of the parties to a contract has failed to do what he or she has previously agreed to do,it is a:

A) fraud in the inducement.
B) failure of consideration.
C) breach of contract.
D) lack of delivery.