The parties to a contract may not always perform all of the terms of the agreement. When one party has not performed, has refused to perform, or has become unable to perform, the other party may be able to sue for a remedy. Today, you’ll be learning about breach and repudiation, or what happens when one of the parties fails to perform.

First, we’ll start off our discussion with the definition of a breach. Next, we’ll talk about a material breach. After that, we’ll cover anticipatory...