Examlex
What is true about the earthquakes on this figure (at points A and B) ?
Rescinded by Agreement
The mutual decision of parties involved in a contract to cancel or nullify the agreement.
Anticipatory Repudiation
An assertion or action by a party indicating that he or she will not perform an obligation that he or she is contractually obligated to perform at a future time.
Material Breach
A significant violation of a contract that substantially undermines the agreement, giving the aggrieved party the right to seek legal remedies.
Non-breaching Party
The party in a contractual agreement that has not failed to fulfill any terms of the contract, as opposed to the party that has broken the agreement.
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