Anticipatory Repudiation

Question 1

Aticipatory Repudiation Def

Answer 1

express and unequivocal statement that one is not going to perform
must be clear
doubtful or indefinite statement is not a repudiation

Question 2

Repudiation

Answer 2

a refusal to perform a duty or obligation ownd to another party

Question 3

Retraction of Repudiation

Answer 3

A party who has repudiated can retract/tack back the repudiation unless other party has:
1. detrimentally relied on the notice (likely by seeking alternatives)
2. expressly given notice to party that you regard as breach; or
constructively ggiving notice by filing suit

Question 4

Is a threat an anticipatory repudiation?

Answer 4

no

Question 5

What is first question to ask on exam?

Answer 5

Was claim ripe?

Question 6

When is claim ripe?

Answer 6

Ordinarily a claim is not ripe until a breach has actually occurred.
exception: if a person anticipatorily repudiates the K, laim for relief will become ripe immediately