Contracts
In Alaska, a 'termination by abandonment' of a real estate contract occurs when:
AThe listing agreement expires
BA party clearly acts in a way that indicates they have abandoned their intent to perform the contract✓ Correct
CThe property is abandoned by the seller
DBoth parties fail to perform on the closing date
Explanation
Abandonment occurs when a party's words or actions clearly communicate that they will not perform their contractual obligations — they are repudiating the contract. The other party may treat this as an anticipatory breach and terminate the contract.
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