material breach

Thesaurus

Noun

material breach - a breach serious enough to destroy the value of the contract and to give a basis for an action for breach of contractbreach of contract - a breach of a legal duty; failure to do something that is required in a contract

material breach

in Scots law, the kind of breach of contract that allows the victim to rescind the contract as being serious, going to the essentials of the contract. The term is not used in English law as a term of art but the Sale and Supply of Goods Act 1994 introduced the idea to cases where the victim of the breach is not a consumer.

FinancialSeebreach of contract

material breach

noun

Words related to material breach

noun a breach serious enough to destroy the value of the contract and to give a basis for an action for breach of contract

Related Words

breach of contract

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