A community hospital exempt from Federal income tax under. section 501(c)(3) of the Code built an adjacent office building for. doctors in order to encourage members of its medical staff to maintain. their private medical practices near the hospital.
When a contract is intentionally not honored by one party, it is called a breach of contract and is grounds for contract termination. A breach of contract may exist because one party failed to meet his obligations at all or did not meet his obligations fully.
At the time the contract is signed, the salesperson must orally explain your right to cancel the contract and must give you: A fully completed receipt or a copy of the contract (written in the same language as used in the sales presentation) stating the date of the sale and the merchantâs name and address.