Daphne contracts with speedy builders inc. To construct a six-foot fence around her yard. Daphne’s neighbor rando is delighted b
ecause daphne’s fence will border the north side of his property. This means he can enclose the rest of his property for a much lower price. Before construction begins, however, speedy builders receives an offer for another, more lucrative project, and refuses to perform the contract with daphne. Who can sue speedy builders for breach of contract?.
According to law Daphne has the power to sue Speedy Builders for breach of contract.
A legal claim and category of civil wrong known as "breach of contract" refers to when a number of the parties to a contract refuse to perform their obligations under the terms of the agreement or interfere with the performance of the other party. A party commits a breach when it disobeys one or more of its obligations under a contract, whether completely or partially. It may also convey its intent to breach the agreement or otherwise show that it is unable to fulfill its obligations. When a contract is broken, the parties who broke the agreement is responsible for paying the injured party's damages
"Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest.""
