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Warning
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Simple English definitions for legal terms
failure to make delivery
Read a random definition: Rule 10b-5
A quick definition of failure to make delivery:
Failure to make delivery: This means that someone did not give or send something they were supposed to. It's like when you were expecting a package to arrive, but it never came. This is called a failure to make delivery. It's also called a failure to meet obligations, which means not doing what you promised to do.
A more thorough explanation:
Definition: Failure to make delivery refers to the inability or refusal of a seller to deliver goods or services to a buyer as agreed upon in a contract or agreement.
Example: If a customer orders a product online and pays for it, but the seller fails to deliver the product within the promised timeframe, it is considered a failure to make delivery.
Explanation: The example illustrates how a seller's failure to deliver a product to a customer can result in a failure to make delivery. This can cause inconvenience and financial loss to the buyer, who may have to seek legal action to recover their money or receive the product they paid for.
failure-to-disclose-best-mode rejection | failure to perform