Examlex
Match the person or term with the with the correct description.
-American System
Materially Breached
A significant failure to meet one's contractual obligations, which permits the other party to the contract to either enforce the contract or be released from it.
Reasonable Value
Reasonable value refers to a fair or sensible amount or worth of goods, services, or property, often determined in a legal context.
Material Breach
A significant violation of a contract's terms, which undermines the agreement's fundamental purpose and provides grounds for legal action.
Quasi-contract
An obligation imposed by law to prevent unjust enrichment, even in the absence of a formal contract.
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