Final answer:
Certain actions or circumstances can cause harm or lessen the value of a contract for the non-breaching party, such as failure to fulfill obligations or breach of terms.
The absence of a legal system that enforces contracts can also be detrimental to contract value.
Step-by-step explanation:
In a contract, there are certain actions or circumstances that can cause great harm or substantially lessen the value of the contract for the non-breaching party.
For example, if one party fails to fulfill their obligations or breaches the terms of the contract, it can result in harm or loss for the other party. This could include a failure to provide goods or services as agreed upon, a failure to make payment, or any action that goes against the terms of the contract.
Another factor that can harm or lessen the value of a contract is the absence of a legal system that enforces contracts. Without a reliable legal system, people may be reluctant to enter into contracts due to the risk of non-payment or non-compliance.