When a Party Breaches a Contract, the Nonbreaching Party Always

question 13

True/False

When a party breaches a contract, the nonbreaching party always has the option of seeking legal or equitable remedies.

---

Definitions:

Installation Costs

Expenses incurred during the setup of equipment, machinery, or systems.

Transportation Costs

Expenses associated with the movement of materials, goods, or personnel by road, rail, air, or sea.

Short-Term Lease

A lease agreement with a duration, typically less than a year, used for temporary occupancy or use of assets.

Fixed Asset

Tangible assets, like buildings, machinery, or vehicles, intended for use over a long period and not readily convertible into cash.