The Failure of One Party to Perform a Contract Entitles

question 53

True/False

The failure of one party to perform a contract entitles the other party to rescind it.

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Definitions:

ADR

Alternative Dispute Resolution; a range of processes such as mediation and arbitration that resolve disputes outside of the court system.

Subcontractors

These are third-party businesses or individuals hired by a primary contractor to perform specific tasks as part of a larger project, operating under a separate contract.

Disputes

Conflicts or disagreements between parties that may involve legal action to resolve.

Early Neutral Evaluation (ENE)

A dispute resolution process where an unbiased third party assesses the strengths and weaknesses of each side's case early on.