Contracts (alternative)
In Maryland, the concept of 'anticipatory breach' occurs when:
AA party breaches after settlement
BA party clearly indicates before performance is due that they will not perform their contractual obligations✓ Correct
CA contingency has not been satisfied
DThe property fails to appraise
Explanation
Anticipatory breach occurs when a party clearly indicates in advance that they will not perform. The non-breaching party may treat the contract as breached and seek remedies without waiting for the performance date.
Related Maryland Contracts (alternative) Questions
- In Maryland, the primary purpose of the settlement statement (Closing Disclosure or HUD-1) is to:
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