UnitTwelveClaimsandSettlementBusinessFocus1
BreachofContractBreachofcontractmeanstherefusalorfailurebyapartytoacontracttofulfillanobligationimposedonhimunderthatcontract
1Asellermaybreachacontractfor:DelayorfailureindeliveryInferiorqualityDamagedgoodsWrongdispatchShort-weightChargesandinterestsIncompleteorinadequateshippingdocuments1
2AbuyermaybreachacontractwhereHewronglyrefusestoacceptthegoods;UnderanL/C,hefailstoopentherelevantL/Caccordingtothestipulatedperiod
3BothpartiesmaytakeresponsibilityforbreachingacontractwhenTheymisunderstandtheclausesthatarenotclearly;Theybothbreachthecontract
ClaimandsettlementClaimreferstotheclaimforlosses
Inthecourseofexecutingacontract,ifonepartyfailstoperformthecontractandthusbringeconomiclosstoanotherparty,thelattermayasktheformerf