cliffordedwards8778 cliffordedwards8778
  • 05-12-2017
  • Social Studies
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When a promisor announces before the time for his performance is due that he will not perform, he is said to have committed a(n) _____?

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meerkat18
meerkat18 meerkat18
  • 16-12-2017

Answer – An anticipatory breach (or repudiation)

 

A promisor may be required to give reassurance that contractual performance will be forthcoming when there is reasonable ground for insecurity. If no adequate assurances are forthcoming, anticipatory breach may be assumed, an announcement by the promisor before the time for his performance is due that he will not perform an outright repudiation (anticipatory breach)

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