Breach Of Contract 2

Definition of "Breach of contract"

Beth Christo
Beth Christo RE/MAX Realty Unlimited

Failure of a party (not having a legal excuse) to perform in accordance with a promise made. An insurance policy consists of legally enforceable promises made by the insurance company (insurer) only. No such promises are made by the insured. This is the reason why the insurance policy is a unilateral contract

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