MindTap Accounting, 1 term (6 months) Printed Access Card for Johnstone/Gramling/Rittenberg's Auditing: A Risk Based-Approach, 11th
MindTap Accounting, 1 term (6 months) Printed Access Card for Johnstone/Gramling/Rittenberg's Auditing: A Risk Based-Approach, 11th
11th Edition
ISBN: 9781337619509
Author: JOHNSTONE, Karla M; Gramling, Audrey A.; Rittenberg, Larry E.
Publisher: Cengage Learning
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Chapter 4, Problem 11CYBK
To determine

Concept introduction:

Breach of contract:

Breach of contract is a legal term used in contract law. Breach of contract refers to the situation when any party of the contract fails to fulfill his part of the obligation as decided in the contract. 

To choose: The correct option.  

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