Contracts
Under Mississippi contract law, an 'anticipatory breach' occurs when:
AOne party breaches the contract on the closing date
BOne party clearly communicates before the performance date that they will not perform their obligations✓ Correct
CBoth parties breach simultaneously
DThe property fails inspection
Explanation
Anticipatory breach (anticipatory repudiation) occurs when one party communicates before the performance date that they will not perform. The non-breaching party may treat the contract as breached and pursue remedies immediately.
Related Mississippi Contracts Questions
- A Mississippi real estate contract is void if it:
- A Mississippi seller receives two offers simultaneously. Offer A is for $250,000 cash with 10-day closing. Offer B is for $265,000 with conventional financing and 45-day closing. The listing agent should:
- A Mississippi seller fails to disclose a known roof leak in the seller's disclosure statement, and the buyer discovers the leak after closing. The buyer may have a legal claim for:
- In Mississippi, a seller's disclosure form (property condition disclosure) is required for:
- A Mississippi buyer makes an offer to purchase, which the seller accepts. The next day, before any exchange of signatures, the buyer calls to revoke the offer. The revocation is effective because:
- A Mississippi lease contains a 'no pets' clause. The tenant adopts a cat without permission. The landlord discovers the cat and wants to enforce the lease. The landlord's appropriate response is:
- Under Mississippi law, a contract that is 'against public policy' is:
- A Mississippi buyer makes an offer and the seller accepts but changes one term (counteroffer). The buyer then verbally accepts the counter. Is there a binding contract?
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →