steve, a new real estate broker, has an exclusive listing agreement with seller john andre. however, when broker benedict finds out about the agreement, he offers better terms to mr. andre, who then terminates the listing with steve. what kind of contract breach is this?

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04-11-2022
Business

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steve, a new real estate broker, has an exclusive listing agreement with seller john andre. however, when broker benedict finds out about the agreement, he offers better terms to mr. andre, who then terminates the listing with steve. what kind of contract breach is this?

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AnushkaSh AnushkaSh · Answer 1 · 2022-11-10T07:24:38-05:00

As Benedict anticipated and gave John Andre a better bargain, it is an anticipatory breach of the contract.

What constitutes a contract violation?

When one of the parties to a contract doesn't meet their end of the bargain, that party has not followed the terms of the agreement. Because contract violations occur frequently, a substantial body of law has developed to settle the resulting disagreements.

What evidence is required for contract breach?

The other parties' obligations under the agreement, such as the Terms and Conditions, must be clearly demonstrated in order to do this, and it must also be demonstrated that such obligations were not performed or not performed well.

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