the two types of breach are
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Answer:
A breach is a failure by a party to fulfil the obligations under a contract. It is of two types, namely, anticipatory breach and actual breach
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Answer:
Actual breach and Anticipatory breach are the two types of breach of contract.
Explanation:
Breach of contract
When one party to a legally binding agreement fails to perform in accordance with the terms of the agreement, a breach of contract has occurred. Both written and spoken contracts are susceptible to breach.
Actual breach:
- Failure to carry out contractual responsibilities is referred to as an actual breach of the agreement.
- This indicates that the failure has actually happened and has not only been expected.
- A party may violate a contract in a number of ways, such as by completely failing to perform or by missing a deadline.
Anticipatory breach
- An anticipatory breach in contract law arises when one party repudiates the agreement before the performance is required.
- The non-breaching party can refuse to execute if there is an anticipated breach.
- If the non-breaching party has not relied on the anticipatory breach, the initiating party may rescind it.
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