Asked by Courtney Mowat on Jun 28, 2024
Verified
A material breach by the seller will discharge the buyer from his obligations under a contract.
Material Breach
A significant failure to perform a part of a contract that permits the other party to either demand performance or terminate the agreement.
Buyer's Obligations
The duties and responsibilities a buyer assumes in a transaction, such as paying the purchase price and complying with the terms of the agreement.
Contract
An agreement between two or more parties creating enforceable obligations.
- Examine the outcomes of major and minor infractions in agreements.
Verified Answer
AA
Azamat AbdrakhmanovJun 30, 2024
Final Answer :
True
Explanation :
If the seller commits a material breach, the buyer can choose to terminate the contract and will be discharged from any further obligations under the contract.
Learning Objectives
- Examine the outcomes of major and minor infractions in agreements.