Contracts
Anticipatory repudiation occurs when:
AA party cancels a contract after closing
BA party clearly communicates before performance is due that they will not fulfill the contract✓ Correct
CA contract contains an ambiguous term
DThe property is destroyed before closing
Explanation
Anticipatory repudiation occurs when one party clearly indicates before the performance date that they will not perform; the non-repudiating party may treat the contract as breached and seek remedies.
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