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Liability For Breach Of Contract

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Chapter Summary

This chapter contains 25 articles on liability for breach of contract. Some of the articles presented are: anticipatory breach, liable for a third party, remedies of breaching party, demand performance for flawed performance, changes of remedies and delayed compensation for monetary debt. A party that fails to perform the obligation shall be liable for continuing to perform its obligations, to take remedial measures or to compensate the other party for the loss. A party that breaches the contract because of a third party shall be liable to the other party for the breach of contract. If one party fails to pay the price or remuneration, he may not use impossibility of performance as a defense. The payment amount of damages from the breaching party shall not exceed the losses of a contract breach that were foreseen or should have been foreseen when the contract was signed.

Keywords: anticipatory breach; breaching party



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