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Contracts to Build a Store for Totally Chocolate Company

Standard Construction, Inc. contracts to build a store for totally Chocolate Company, with TCC's payment it cannot pay SCI on time in this situation, who is in breach of contract and why?

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Standard Construction, Inc. contracts to build a store for totally Chocolate Company. With TCC's payment it cannot pay SCI on time in this situation, who is in breach of contract and why?

Cheeseman 's Business Law text states, "Breach of contract occurs when a contracting party fails to perform an absolute duty owed under a contract."

According the above statement, Standard Construction, Inc (SCI) and The Chocolate Company (TCC) engaged in a contract to build a store. However, the statement does not provide the details of the contract, what payment (if any) should be rendered, and WHEN. How do we know if there was, in fact, a breach of contract? The statement only reflects that TCC cannot ...

Solution Summary

The solution examines Standard Construction, Inc's contracts to build a store for totally Chocolate Company. The payment method is TCC which means it cannot pay SCI on time. The expert determines who is in breach of contract and why.

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