Contracts
In Connecticut, an 'anticipatory repudiation' of a real estate contract occurs when:
AA party requests an extension of the closing date
BOne party clearly indicates before performance is due that they will not perform their contractual obligations✓ Correct
CBoth parties agree to cancel the contract
DA mortgage contingency is not met
Explanation
Anticipatory repudiation occurs when one party clearly and unequivocally indicates before performance is due that they will not honor the contract. This allows the non-breaching party to treat the contract as breached immediately.
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