________ occurs when one contracting party informs the other that he or she will not perform his or her contractual duties when due.
A) Restitution
B) Rescission
C) Anticipatory repudiation
D) Material breach

Question

Quizplus · Accepted Answer

Anticipatory repudiation occurs when one party informs the other party that they will not perform their contractual duties as scheduled. This type of breach allows the non-breaching party to terminate the contract and seek damages immediately without waiting for the performance deadline to pass. Restitution and rescission refer to different remedies for a breach of contract, while material breach refers to a breach of a term that is essential to the contract.

________ Occurs When One Contracting Party Informs the Other That