Tuesday, January 15, 2013

Fundamental Breach of Contract

Fundamental Breach of Contract
Contract is made between the parties who are intended to bind together in a legal obligation i.e.to serve the interest of both the parties. The parties, in order to govern themselves and tosafeguard their interest make their own terms and conditions. And when such terms andconditions are accepted by both the parties, there is an enactment of the contract i.e. the liabilityis imposed on the party to the contract and to function in accordance with the terms andconditions of the contract.
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