When analyzing a breach of contract issue, which of the following best represent

Question

When analyzing a breach of contract issue, which of the following best represents the proper steps and sequence? a. Determine whether a valid contract existed, determine whether it was breached, determine what the proper damages would be b. Determine whether the contract is in writing, determine whether there are equitable remedies, determine whether there are monetary remedies c. Determine whether there was an agreement, determine whether there was consideration, determine whether there was legal capacity, determine whether the subject matter is legal, determine whether there was genuine consent d. Determine whether there was a novation, determine whether there was an accord and satisfaction, determine what equitable remedies exist

Explanation / Answer

Correct Answer:

A

Explanation:

The analysis of the breach of the contract, should start with the confirmation of the validity of the contract. If there is a valid contract, then there is a possibility for a breach of contract. The second step should be to identify the breach of the contract if any that has taken place. Finally, it is the damage that has taken place, should be confirmed by the analysis. On the basis of these findings, legal remedies are suggested.

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