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if i remember my business law class correctly if there is a contract between two parties and there are say 10 things in the contract that one party needs to abide by and they don't abide by even 1 item in the contract. is this contract void? i thought a contract had to be "all or nothing".

2007-04-19 13:05:14 · 2 answers · asked by stevemincer 3 in Politics & Government Law & Ethics

2 answers

Void means the contract would be not binding... it means something like cancelled. Contracts don't just get cancelled because one party doesn't comply... then there would be no point to contracts. Contracts remain valid and binding. If one party does not comply with the requirements, they have breached the valid and binding contract and the other party is entitled to recover the damages.

If you're asking if partyA breaches, then does partyB still have to perform... usually not... partyB is excused from performing after partyA has breached... but if partyB is mistaken and partyA has not done enough to constitute a breach, they are not excused and would be in breach themselves.

2007-04-19 17:11:15 · answer #1 · answered by kmnmiamisax 7 · 0 0

The contract is binding even if the parties do not abide by it. In case of disputes, the contract must be enforced.

2007-04-19 13:10:52 · answer #2 · answered by FRAGINAL, JTM 7 · 0 0

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