Explanation should include a definition of breach of contract and its consequences (e.g., rescission and restitution, monetary compensation, specific performance). Explanation should also include the main objective of bankruptcy and how it relates to contracts.
Other Related Standards
FBLA Competitive Events and Activities Areas
NBEA Achievement Standards for Business Law
Analyze and solve difficult ethical and legal problems.
Describe breach of contract and the remedies available when a contract is breached.
List and explain the remedies of the buyer when the seller breaches the sales contract.
List and explain the remedies of the seller when the buyer breaches the sales contract.