Business Law: Contract Performance

The video tutorial covers the duties of parties in a contract, using examples to illustrate breaches such as substantial, material, and anticipatory breaches. It also discusses defenses for breach of contract, explaining how they can render a contract void, voidable, or unenforceable.

What is the duty of each party in a contract according to the text?

Describe an example of substantial performance as mentioned in the text.

What constitutes a material breach of contract?

Explain what anticipatory breach means in the context of the text.

What are the potential consequences for a party that breaches a contract?

How can a contract become void, voidable, or unenforceable?

What is the difference between a void contract and a voidable contract?