Breach of Contract
Definition
The failure by a party to fulfill its contractual obligation without a lawful excuse. It can be actual (failure to perform when due) or anticipatory (declaring inability to perform before the due date). It entitles the innocent party to claim damages.
Example
"A contracts to deliver 100 kg of wheat to B on 1st July. A fails to deliver. B can sue A for damages caused by this Actual Breach of Contract."