immediate breach:
(1820)
1. A breach of contract that entitles the nonbreaching party to sue for damages immediately. [1]
Types of Immediate Breaches:
anticipatory breach – a breach of contract caused by a party’s unequivocal indication that the party will not perform when performance is due; the nonbreaching party may elect to treat the repudiation as an immediate breach and sue for damages.
References:
Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4
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