Material Breach of a Contract Occurs When a Party Renders

question 79

True/False

Material breach of a contract occurs when a party renders considerable performance of his or her contractual obligations.

---

Definitions:

Vicious Circle Of Poverty

A problem common in some developing countries in which their low per capita incomes are an obstacle to realizing the levels of savings and investment needed to achieve rates of growth of output that exceed their rates of population growth.

Low Saving

A condition characterized by individuals or populations saving a minimal portion of their income, potentially impacting investment and economic growth.

Low Investment

A scenario characterized by minimal input of capital or resources towards business growth, expansion, or development activities.

Low Productivity

A situation where there is an inefficient use of resources, resulting in less output per unit of input, often affecting economic growth and competitiveness.