A party can withdraw repudiation before the other party has canceled the contract or has materially changed position by clearly indicating that the person intends to perform his obligations.

Question

Quizplus · Accepted Answer

This is a correct statement according to the principles of contract law. If a party has repudiated a contract (i.e. declared that they will not fulfill their obligations), they can still withdraw this repudiation before the other party has taken certain actions. Specifically, the repudiating party must clearly indicate their intent to perform their obligations, and the other party must not have cancelled the contract or materially changed their position in reliance on the repudiation. Once these conditions are met, the contract remains in force and both parties must fulfill their obligations as originally agreed.

A Party Can Withdraw Repudiation Before the Other Party Has