Question

In: Economics

Explain the definition of “Breach of Contract”, how itis rectified in the secular environment and...

Explain the definition of “Breach of Contract”, how it is rectified in the secular environment and how you would mediate in the Christian community in a “Breach of Contract” issue.

Solutions

Expert Solution

Breach of Contract:

Among two or more parties that had a defined contract among them and one party, fails to deliver on what's written in the contract, then it is termed a breach of contract.

*A contract can be oral as well, but it still requires some written clauses to be effective.

How rectified in a secular environment:

Normally there may be some clause in the contract itself in case of a breach by the parties involved. For example, if someone forgot to pay the rent for six months straight he may have to add another $200 as a fine to his existing payment or such. In case there is no clause in the contract that states for what happens in a breach, then the plaintiff must notify a defendant that they are in breach of contract before advancing to legal proceedings. The court will then determine whether they have fulfilled the obligation. The court will also check on any modification that may have lead to the breach.

How would you mediate in a Christian community:

If it is a small issue like not returning the item what was borrowed. In the community, you can ask the aid of people to interfere in, to sit down, and talk to come up with an agreement. This is a less expensive way to solve the issue since litigations can be costly.

But in case of larger issues, if the defendant refuses anything, the plaintiff may have to go legally.


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