Business Law

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Liability for breach of contract |

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MLM 091201 |

WANG SONG 0854148 |

2012/11/18 |

Catalogue

The parties rights and obligations during the negotiation phase 1

Process of offer and acceptance 1

Liability for breach of contract 1

Concept and Feature 1

The feature of liability of breach of contract: 1

Doctrine of liability fixation 2

The type of liability 2

Anticipatory breach 2

Nonperformance 3

Delay in performance 3

The inadequacy of performance 3

The ways of bearing 3

Specific performance 3

Cure of non-conforming performance 4

Payment for damage 4

Earnest money 4

Penalty responsibility 5

The distinguish between Liability for breach of contract and other civil liability 5

Liability for contract fault VS. Liability for breach of contract 5

Liability for breach of contract VS. Liability for tort 6

Conclusion 6

REFERNCE 7

The parties rights and obligations during the negotiation phase

Process of offer and acceptance

Liability for breach of contract

If a party fails to perform its obligations under a contract, or rendered non-confirming performance, it should bear its legal liability-liability for breach of contract. This article is about the types, content and forms of liabilities for breach of contract. By understanding the principle of liability for breach of contract, we can cover the cost of default more clearly and protect legal rights of the parties.

Concept and Feature

Liability for breach of contract means parties of contract violate the civil liabilities of contract. When parties of contract don’t perform the obligation of contract or not conform to the contract, they should bear their legal liability according to the contract content or contract law. Current Chinese contract law-CONRTACT LAW OF THE PEOPLE’S REPUBLIC OF CHINA gives expression of stability, stability, and expansibility. In the current contract law, liability for breach of contract only means the property liability which default...