Asked by Jamie Walker on Apr 24, 2024
Verified
________ occurs when a party to a contract either expresses or clearly implies an intention not to perform the contract,even before being required to act.
A) Frustration-of-purpose
B) Abandonment of contractual obligations
C) Commercial impracticability
D) Anticipatory breach
Anticipatory Breach
An action in contractual agreements where one party indicates they will not fulfill their contractual obligations before the due time.
Abandonment
The act of giving up a legal right or interest with the intention of never claiming it again, often seen in property or relationship contexts.
Contractual Obligations
Duties that parties are legally bound to perform as specified in a contract, the failure of which could lead to legal consequences.
- Understand the legal doctrines that dictate the rules of anticipatory breach and frustration of purpose.
Verified Answer
AR
Amala Robert7 days ago
Final Answer :
D
Explanation :
Anticipatory breach occurs when one party to a contract clearly indicates that they will not perform their contractual obligations before the performance is due. This statement or action by the party demonstrates an intention not to perform the contract.
Learning Objectives
- Understand the legal doctrines that dictate the rules of anticipatory breach and frustration of purpose.