CPA REG · Business Law · Free Lesson

Breach and Remedies

Free CPA REG (Taxation & Regulation) lesson in Business Law. 15 min read, ~2,221 words.

A roofing contractor finishes two weeks late with the wrong shingles. The homeowner refuses to pay anything. Who breached, how badly, and what each side recovers depends entirely on whether the breach is material or partial.

Every breach question starts the same way: classify. Remedies flow from the classification.

A material breach is a failure so significant that it substantially defeats the purpose of the contract. The non-breaching party may suspend performance, cancel, and sue for total damages. Material breach is the only classification that lets you walk away.

A partial (or minor) breach is defective performance that does not defeat the purpose. The non-breaching party must still perform but can sue for the loss caused by the defect.

Courts weigh how much benefit was still received, whether money damages are adequate, whether forfeiture would result, whether the breach was willful, and how likely cure is.

KEY: Classification controls whether you can stop performing. Pick wrong, and the "non-breaching" party becomes the breaching party.

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Common mistakes

Bottom line

Exam shortcut

Classify the breach FIRST. Material unlocks cancellation plus damages; partial keeps you performing with a damages claim for the defect. Then run the remedies checklist: compensatory (always), incidental (almost always), consequential (only if foreseeable at signing), liquidated (only if reasonable, not a penalty), specific performance (only for unique goods or land, never services), rescission and restitution (for material breach, fraud, mistake). Then check mitigation.

The full lesson (about 2,221 words, 15 min read) adds 2 worked examples, all 6 common mistakes, a self-check, free in the app.

Learning objectives

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