If a party to a contract anticipatorily repudiates a contract,then:

Question

Quizplus · Accepted Answer

If a party to a contract anticipatorily repudiates a contract, they are indicating an intention not to perform their obligations under the contract. If the repudiation is not retracted, the other party can treat it as a breach and seek damages for any losses incurred as a result. However, the party making the repudiation may seek to retract it if they change their mind. In order to allow for this, the law imposes certain conditions on when a repudiation can be retracted. These conditions typically require that the repudiating party has not already triggered a significant change in circumstances (such as by canceling the contract or putting the aggrieved party on notice that the repudiation is final), and that the aggrieved party has not relied on the repudiation in any way that would make it unfair or inequitable to allow the repudiation to be retracted. Therefore, the correct answer is C.

If a Party to a Contract Anticipatorily Repudiates a Contract,then