Contracts
What is 'anticipatory breach' in an Oregon real estate contract?
AA breach that happens at the time of closing
BWhen one party clearly communicates before the performance date that they will not perform their contractual obligations✓ Correct
CA breach caused by adverse weather conditions
DWhen both parties mutually decide not to perform
Explanation
Anticipatory breach (or anticipatory repudiation) occurs when a party clearly communicates or demonstrates before the performance date that they will not fulfill their contractual obligations. In Oregon real estate, if a seller notifies the buyer before closing that they are keeping the property, the buyer can treat this as a breach and immediately pursue remedies (specific performance or damages) without waiting for closing day.
Related Oregon Contracts Questions
- Which of the following best describes an option contract in Oregon real estate?
- In Oregon, can a purchase contract be assigned by the buyer to a third party?
- A buyer's purchase agreement includes a contingency stating 'subject to buyer's attorney review within 5 days.' This is a:
- The doctrine of 'time is of the essence' in an Oregon purchase contract means:
- In an Oregon residential sale, which document typically contains the inspection contingency, earnest money details, and closing date?
- In Oregon, which of the following would NOT be considered adequate property description in a deed?
- In Oregon, 'rescission' of a real estate contract means:
- In Oregon, a 'purchase agreement subject to the sale of the buyer's current home' is a contract with:
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →