Fraud
Under the TTToC breach of contract is only what can be interpreted as an act of theft. For example, if a specified condition for a conditional title transfer from party A to party B is not met, yet party B still captures possession of the property he is not entitled to, he has committed theft, whether the possession was taken by force, or by false representation of fact creating the impression the transfer conditions has been met.
If a service provider has failed to perform an act of service, he has not committed theft. In such cases provisions should be made in advanced for the non-breaching party to be entitled to compensation, in the condition of a failure to provide the agreed upon service.
Read more about this topic: Title-transfer Theory Of Contract
Famous quotes containing the word fraud:
“He saw, he wish’d, and to the prize aspir’d.
Resolv’d to win, he meditates the way,
By force to ravish, or by fraud betray;
For when success a lover’s toil attends,
Few ask, if fraud or force attain’d his ends.”
—Alexander Pope (1688–1744)
“The disfranchisement of a single legal elector by fraud or intimidation is a crime too grave to be regarded lightly.”
—Benjamin Harrison (1833–1901)
“Things gained through unjust fraud are never secure.”
—Sophocles (497–406/5 B.C.)