What type of contract breach is illustrated in the scenario?
Venus LLC is a supplier for Synergy Corp. These companies have entered into a contract according to which, Venus will supply Synergy with a certain quantity of raw materials every month. In the month of May, Venus realizes that it cannot keep to the terms of the contract due to an unforeseeable worker strike. It informs Synergy of this delay much before the planned delivery date. What type of contract breach is illustrated in the scenario?
Identify the type of damages that are awarded to a nonbreaching party when a breach of contract has occurred but has not resulted in any financial losses for the nonbreaching party.
Solution:
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