Contracts
In Kansas, what is a 'material breach' of a real estate contract?
AAny minor deviation from the contract terms
BA significant failure to perform a contract obligation that goes to the essence of the agreement and gives the non-breaching party the right to treat the contract as terminated✓ Correct
CA breach that can be cured within 10 days
DA breach of a minor contract term with no remedy
Explanation
A material breach is a significant failure to perform that defeats the purpose of the contract. It allows the non-breaching party to treat the contract as terminated and seek remedies including damages or specific performance.
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