The Nebraska Uniform Commercial Code governs the breach of contract provisions applicable to contractual agreements.
- All contracts have to be in written format and should be agreed upon by both parties on a consensus.
- The party who fails in performing his part of obligations under the contract is called the defendant.
- The aggrieved party who sustains loss from such non-performance is called the plaintiff.
- The Uniform Commercial Code mentions that the compensation for losses incurred should be paid in full or in part to make functional the loss suffered by the plaintiff.