![]() ![]() What Happens If You Committed a Material Breach of a Contract? Similar to the buyer purchasing a rare item, the parties here may also cause a material breach of their contract if the receiver fails to make payments for the goods or the shipper fails to deliver the proper goods to the buyer. ![]() A common scenario is when two companies enter into a contract that involves one of them shipping or supplying goods to the other. Much like the house example, this scenario can also be reversed where the buyer never pays the seller after receiving the item.įinally, material breaches can also happen in business settings like when two parties contract for services. If the buyer pays for the item, but the seller does not give or ship it to them and instead hands it over to someone else, then this would be considered a material breach of contract. If the buyer completes all of the necessary paperwork, pays the seller at the closing, but the seller suddenly decides not to sell or refuses to give up the deed and keys to the house, then this would be considered a material breach of contract.Īlternatively, if the seller goes through all of the steps to sell their house and then the buyer refuses to pay, then this could also be considered a material breach of contract.Īnother example of a material breach is when a buyer is purchasing a rare item from a seller. One example may occur when someone is purchasing a house. As such, a material breach of contract can arise in many different areas of everyday life. What are Some Examples of a Material Breach of Contract?Ĭontracts cover a broad variety of topics. ![]()
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