Ascertain from the scenario what breach if any has been committed, who is liable, the possible actions against them?

This is for company law / Topic of Directors

Scene 1

Mr. Carter was appointed the Managing Director of Company X by the Board of Directors. Carter entered into a major contract that required the company to supply their products at a large quantity at such a short time, that was not possible within their present production capacity. Had Company X made the one-time delivery, it would have knocked its main and only competitor out of business. But due to non- delivery of the contracted amount Company X had to pay a substantial sum for breach of contract, but remained solvent.