Asked by Andrew Cavender on Jul 19, 2024
Verified
A party can withdraw repudiation before the other party has cancelled the contract or has materially changed position by clearly indicating that the person intends to perform his obligations.
Withdraw Repudiation
The act of one party withdrawing their previous refusal to fulfill their obligations under a contract.
Materially Changed
Refers to a significant alteration in the condition or content of a document, item, or agreement that affects its utility or value.
Obligations
Duties or responsibilities imposed by law, contract, or moral duty that require a party to act or refrain from acting in a certain way.
- Identify the requirements and implications of anticipatory repudiation and waiver under the UCC.
Verified Answer
Learning Objectives
- Identify the requirements and implications of anticipatory repudiation and waiver under the UCC.
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