A fundamental breach of a contract, sometimes known as a repudiatory breach, is a breach so fundamental that it permits the distressed party to terminate performance of the contract, in addition to entitling that party to sue for damages.
Read more about Fundamental Breach: History, English Law, Canada
Famous quotes containing the words fundamental and/or breach:
“Disney World has acquired by now something of the air of a national shrine. American parents who don’t take their children there sense obscurely that they have failed in some fundamental way, like Muslims who never made it to Mecca.”
—Simon Hoggart (b. 1946)
“Moral laws are set as a curb and restraint to these exorbitant desires, which they cannot be but by rewards and punishments, that will over-balance the satisfaction any one shall propose to himself in the breach of the law.”
—John Locke (1632–1704)