BUSINESS LAW 1

Feb 3rd, 2012
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University of Texas at Austin
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BREACH OF CONTRACT

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Contract is Breached/BrokenA contract is a legally enforceable agreement between two or more parties. So, how do you enforce it if it is broken by one of the parties?That depends on how exactly the party breaches the contract. A minor, or nonmaterial, breach of contract entitles the non-breaching party to actual damages suffered. Therefore, if your mechanic used a different brand of oil that was of at least the same quality as that named in your contract, then you likely would not have a material breach of contract. You did not suffer any damages and may have, in fact, received a better pr

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