The remedies that are available after an anticipatory repudiation are;
<h3>What is Anticipatory repudiation?</h3>
Anticipatory repudiation can be regarded as breach which is a declaration by the promising party with respect to a contract stating that he may nit perform up to the standard of the contract.
But there are some remedies to this like Reformation, where the contract will be revisited, Restitution is also a remedy.
Learn more about Anticipatory repudiation at;
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Answer:
<em>B. The contract was oral.
</em>
Explanation:
The young graduate will most likely not succeed in attempting to enforce the promise made by his grandpa since the promise has not been in writing, as mandated by the Frauds Statute.
In particular, agreements do not have to be binding in writing; though, by the Frauds Statute, other agreements would not be binding unless they have been demonstrated by a document signed by the party to be indicted.
Another such arrangement is to pay another's debt, like the grandpa's promise to pay the uncle's debt here if he fails to pay.
<em>Hence, the Option B is right.</em>
