Contracts
What is 'anticipatory repudiation' in a Delaware real estate contract?
AWhen a buyer pays the purchase price early to demonstrate intent
BWhen one party announces before the performance date that they will not fulfill their contractual obligations — allowing the non-breaching party to immediately treat the contract as breached and seek remedies✓ Correct
CA seller's preemptive refusal of all offers below the listing price
DWhen a lender rejects a buyer's loan application before closing
Explanation
Anticipatory repudiation occurs when a party unambiguously indicates before the performance date that they will not perform. For example, a seller who sells the property to another buyer before closing repudiates the first contract.
Related Delaware Contracts Questions
- Mutual rescission of a real estate contract requires:
- What is a 'bill of sale' in a Delaware real estate transaction?
- Under Delaware law, an executed contract is one that has been:
- A Delaware purchase contract contains a 'mortgage contingency.' If the buyer fails to obtain financing despite good-faith efforts, the buyer may:
- Assignment of a real estate contract transfers:
- A contingency clause in a Delaware purchase agreement allows:
- What is 'liquidated damages' in a Delaware real estate contract?
- In a Delaware real estate transaction, earnest money is typically held by:
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →