Question

Buyer Jim agreed to a 20-day window to get a survey done. A number of problems have occurred and after 20 days from the signed contract date, buyer Jim has yet to have a survey completed. What is now the status of the sales contract?

Answer 1

Breach of the Contract

Step-by-step explanation:

Since Jim agreed to provide the service within 20 days, he was obliged to conduct the survey within the time period. However, he fails to meet the time restriction to perform a task he has defaulted the contract.

Professionalism requires commitment agreed by both the parties. However, in this case, Jim could not complete the survey leads to Breach of the Contract. The contracts are documented by both the parties and once the assigned task gets completed the other party receives its monetary benefits in exchange of service provided. But Jim will not be able to claim due to his failure in doing the job on time.