If a party does not fulfill their obligations as set forth in a sales contract,it is known as:
A) non-payment.
B) termination.
C) non-performance.
D) all of these are correct.

Question

Quizplus · Accepted Answer

Non-performance refers to a party's failure to fulfill their obligations as outlined in a sales contract, which can include non-payment or termination, but it is not limited to those specific terms. Non-performance is a more comprehensive term that encompasses any breach of contract that results in the failure to meet the agreed-upon terms.

If a Party Does Not Fulfill Their Obligations as Set