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.
During an applicable cooling-off period, the contract may be cancelled but consumers must carefully follow written instructions that sellers are required to provide at the time the contract is signed. This Consumer Alert provides an abbreviated summary of four laws that provide consumers a right to cancel a contract.