When one party to a contract fails to perform as promised,it is called
A)litigation.
B)breach.
C)liquidated damages.
D)bad faith.

Question

Quizplus · Accepted Answer

When one party to a contract fails to perform as promised, it is called a breach of contract. Litigation refers to the process of resolving disputes through the court system, liquidated damages are pre-agreed damages in the event of a breach, and bad faith refers to a party acting dishonestly or unfairly in the negotiation or performance of a contract.

When One Party to a Contract Fails to Perform as Promised,it