A Material Breach of a Contract Occurs When a Party

question 39

True/False

A material breach of a contract occurs when a party renders inferior performance of his or her contractual obligations that impairs or destroys the essence of the contract.

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Definitions:

Cyber-Commerce

Involves transacting business by any one of several types of electronic communication, from debit card purchases to buying and selling goods on the Internet.

Persuasive Precedent

Judicial decisions from other jurisdictions or legal systems that are taken into consideration but not binding in the current case.

Binding Precedent

A legal principle from a previous case that must be followed by courts in future cases with similar circumstances.

Florida Supreme Court

The highest court in the U.S. state of Florida, with authority over state legal matters and interpretations of Florida law.