Asked by Kaylee Greydanus on May 13, 2024
Verified
Once a contract has been anticipatorily repudiated,the nonbreaching party must wait until the other party's contractually specified time period for performance has expired to sue for breach of contract and take other remedial measures.
Anticipatorily Repudiated
A declaration made by a party to a contract indicating they will not fulfill their future obligations under the contract before the performance is due.
Remedial Measures
Actions taken to correct or mitigate a problem, often used in legal and environmental contexts to address violations or damages.
- Analyze the legal impacts of anticipatory repudiation on the rights and obligations of the non-breaching party.
Verified Answer
PA
Phillippa AugustMay 18, 2024
Final Answer :
False
Explanation :
Once a contract has been anticipatorily repudiated,the nonbreaching party is discharged from his obligations under the contract.He is free to go ahead and sue for breach and to find a similar contract elsewhere.However,if the nonbreaching party wishes,he may decide to give the party who repudiated the opportunity to change her mind and still perform.
Learning Objectives
- Analyze the legal impacts of anticipatory repudiation on the rights and obligations of the non-breaching party.
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