When a contracting party refuses to complete the contract before the actual time of performance,it is called a(n)________.
A)preemptive strike
B)anticipatory repudiation
C)ante-breach
D)advance renunciation
E)executory renunciation

Question

Quizplus · Accepted Answer

Anticipatory repudiation occurs when a contracting party decides not to complete the contract before the actual time of performance.This situation often arises when market conditions change and one party realizes that it will not be profitable to carry out the terms of the contract.

When a Contracting Party Refuses to Complete the Contract Before