Privity of contract
Breach of contract
Anticipatory breach
Preciptious breach
2007-07-17 16:58:29 · 4 answers · asked by flygirl2117 1 in Politics & Government ➔ Law & Ethics
It is anticipatory repudiation.
Anticipatory repudiation is an unambiguos statement or conduct communicated to the other contracting party indicating an intent not to perform the contract when due.
When there is an anticipatory repudiation, the non-breaching party can sue immediately even before the required time of the breaching party's performance. However, if is is not an executory contract (one party has already completely performed their obligation), the non-breaching party will have to wait until the date of performance has passed before she can sue.
2007-07-17 20:47:00 · answer #1 · answered by Edward r 2 · 0⤊ 0⤋
bd is correct, anticipatory breach.
Privity of contract is what you have between the parties to the contract. It is lacking where I run a shipping company, and want to sue you for not performing under a contract with a buyer where it would be presumed that I would get the business of shipping.
Breach of contract is general, the question wants specific. Moreover, there is technically not a breach, because with anticipatory breach, I could still perform. It's just the circumstances make it really unlikely. Such as, I agree to buy your house next month, contingent on financing, and you learn I declared Bankruptcy this morning.
Precipitous breach is a meaningless term.
2007-07-17 17:24:59 · answer #2 · answered by open4one 7 · 0⤊ 0⤋
Breach of contract
2007-07-17 17:07:12 · answer #3 · answered by Anonymous · 1⤊ 0⤋
anticipatory beech
2007-07-17 17:01:02 · answer #4 · answered by bdbbdb 3 · 1⤊ 0⤋