Examlex
Rachel is a high school junior who has explored several employment and education alternatives.She has chosen to attend the community college near home to become a diesel mechanic.What is the identity status of Rachel according to James Marcia?
Material Breach
A significant failure to perform a part of a contract that permits the other party to either demand performance or terminate the agreement.
Buyer's Obligations
The duties and responsibilities a buyer assumes in a transaction, such as paying the purchase price and complying with the terms of the agreement.
Contract
An agreement between two or more parties creating enforceable obligations.
Substituted Contracts
New agreements that replace and fulfill the obligations of a prior contract, agreed upon by all parties involved.
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