After entering into a contract,a buyer becomes concerned that the other party may not be able to perform his contract obligations.The buyer demands assurance from the other party that the contract will be performed.What is the maximum time period that the buyer would have to wait before considering the other party has repudiated the contract?
A)90 days
B)10 days
C)30 days
D)365 days

Question

Quizplus · Accepted Answer

If assurances are not given within a reasonable time not exceeding 30 days,the party is considered to have repudiated the contract.

After Entering into a Contract,a Buyer Becomes Concerned That the Other