Which of the following statements is true about a material breach?
A) If a breach of contract is material, the injured party is entitled only to the cost of replacement.
B) Even a minor deviation from the terms of the contract is considered a material breach of contract.
C) Courts generally allow a party to cure a material breach even if the contract's time period has lapsed.
D) The injured party can terminate the contract if the breach of contract is material.

Question

Quizplus · Accepted Answer

A material breach is a significant or substantial violation of a contract that goes to the heart of the agreement. In such a case, the injured party has the right to terminate the contract and seek damages for any losses incurred as a result of the breach.

Which of the Following Statements Is True About a Material