Q5: Breach of Contract

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Question's Short Description

1: Failure to perform promise 2: Gives right to sue 3: Remedies include damages 4: Can be actual or anticipatory 5: Ends legal obligation

Question's Long Description

1: Actual breach occurs during performance of contract

2: Anticipatory breach occurs before due date of performance

3: Injured party can claim damages for loss

4: Other remedies are specific performance and injunction

5: Contract comes to an end due to breach

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