When a contracting party refuses to complete the contract before the actual time of performance, it is called a(n) _____________

Question

ozzi

4 years ago

7

When a contracting party refuses to complete the contract before the actual time of performance, it is called a(n) _____________

_____________________.

Social Studies

2 answers:

lys-0071 [83] · Answer 1 · 2022-01-14T03:50:56+03:00

Answer:

Anticipatory repudiation

Explanation:

Based on the information provided within the question it can be said that in this scenario this is known as Anticipatory repudiation. This term refers to when an individual declared that they do not intend to abide by the obligations that were agreed to for a specific contract. In other words they are not going to perform the obligations that they had under that contract. This would then allow the non-breaching party to sue for damages.

IrinaVladis [17] · Answer 2 · 2022-01-14T04:59:33+03:00

Answer:

Anticipatory repudiation

Explanation:

Anticipatory repudiation or anticipatory breach happens when a party did not wish or intend to complete their obligation or contract before the due date or time.

A party may have the mind set to refuse to fulfil its contract agreement to another party by refusing to complete the contract . Therefore Courts sometimes recognize express repudiations, such as when a person specifically states that he or she will not fulfill the contract.