Business Studies, asked by dhruv1705, 1 year ago

breach of contract and remedies for it

Answers

Answered by obedaogega
2

Answer:

Breach of contract means going against the terms and conditions of the  agreement two people had agreed about something in writing for example a lease agreement where both parties come together and agree on something and sign a contract and one party decides to go against the set of written rules and regulations.

Explanation:

Breach of contract can be remedied only by the two parties by what they wrote on the contract because a contract should have terms and conditions and consequences of what is to happen if one party goes against the contract.

Breach of contract is also punishable by law, the party whose contract was breached can seek and take legal action against the party breaching the contract.

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