Contracts
A Connecticut seller receives a letter from the buyer stating 'I am not going to close on the scheduled date.' The closing date is 3 weeks away. This is an example of:
AA breach of contract
BAnticipatory repudiation—the buyer's unequivocal statement of intent not to perform before the performance date✓ Correct
CA valid contract modification
DA conditional termination
Explanation
Anticipatory repudiation occurs when one party unequivocally communicates that they will not perform their contractual obligation before the performance date arrives. The non-repudiating party (seller) may treat this as an immediate breach and seek remedies without waiting for the actual closing date.
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