（7）Breaches of Contract: If one party breaches the contract in such a way that the other side is totally deprived of what they expected from the contract, then the aggrieved party may "avoid" the contract (may consider the contract terminated and may suspend its own performance).
举一反三
- Claims may be filed when ______ breaks the contract and causes losses to the other party in business.
- A ________ is when one party in a financial contract has incentives to act in its own interest rather than in the interests of the other party.
- The seller may cancel the contract and reserve the right to claim _________buyer’s breach of contract：
- A ( ) is an incorrect understanding by one or more parties to a contract and may be used as grounds to invalidate the agreement.
- The two parties agreed with each other at April 5th 2005, and then they entered into a contract at April 8th 2005. The contract got approval from the government of one party at July 1st 2005, and got the approval from the government of the other party at July 8th 2005. Now the effective date of the contract is [ ] . A: April 5th , 2005 B: April 8th , 2005 C: July 1st , 2005 D: July 8th , 2005