An Example of a Breach in Contract on Sales of Goods. Breach of contract on sales of goods can only occur if the sale involves a legally binding purchase contract between a buyer and a seller.

Sometimes the process for dealing with a breach of contract is written in the original contract. For example, a contract may state that, in the event of late payment, the offender must pay a $25 ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...