Asked by
Christo Delport
on Dec 20, 2024Verified
If an anticipatory repudiation substantially impairs the value of the contract, the aggrieved party may:
A) demand immediate performance.
B) cancel any contracts with third parties if those contracts are affected by this one.
C) suspend his own performance.
D) sue for defamation.
Anticipatory Repudiation
A contractual party's indication, before their due performance time, that they will not fulfill their contractual obligations.
Substantially Impairs
Refers to a significant negative effect or reduction in the quality, value, or functionality of something.
Aggrieved Party
An individual or group that has suffered harm or infringement of rights, leading to the filing of a lawsuit or legal claim.
- Recognize the conditions under which anticipatory repudiation occurs and the options available to the aggrieved party.
Verified Answer
MY
Learning Objectives
- Recognize the conditions under which anticipatory repudiation occurs and the options available to the aggrieved party.