A Breach of Contract Occurs Only When a Party Fails

question 35

True/False

A breach of contract occurs only when a party fails to perform all of his or her duties under a contract.

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Definitions:

Rent

A periodic fee paid by a tenant to a landlord for the use of property, such as real estate or equipment.

Interest

The cost of borrowing money or the profit earned from lending money, typically expressed as a percentage of the principal amount per year.

Considerations

Factors or aspects that need to be taken into account before making a decision or evaluation.

Substitute Items

Products or services that can replace or serve as alternatives to another, meeting the same needs or fulfilling the same functions.