Showing posts with label partial breach. Show all posts
Showing posts with label partial breach. Show all posts

Sunday, March 9, 2014

Word of Today Day 16

partial breach

n. the failure to meet a term of a contract which is so minimal that it does not cause the contract to fail or justify breach (breaking the contract) by the other contracting party. A partial breach can be remedied (made up) by a small reduction in payment or other adjustment. Example: a landlord promises to rent an apartment furnished, and when the tenants move in some furnishings are not there. The landlord may lower the rent temporarily until he/she can bring in the missing or expected items.