Breach of one installment of an installment contract necessarily gives the non-breaching party the right to cancel the whole contract.

Question

Quizplus · Accepted Answer

Breach of one installment of an installment contract does not necessarily give the non-breaching party the right to cancel the whole contract. The non-breaching party may have the right to cancel only that specific installment or seek damages for the breach. The right to cancel the whole contract would depend on the terms of the contract and the severity of the breach.

Breach of One Installment of an Installment Contract Necessarily Gives