Contracts
In South Carolina, 'anticipatory repudiation' in real estate contract law occurs when:
AA party waits until the closing date to announce they cannot perform
BA party clearly and unequivocally announces before the performance date that they will not fulfill the contract✓ Correct
CA party anticipates the other party may breach and terminates first
DBoth parties anticipate the contract will fail and agree to cancel
Explanation
Anticipatory repudiation occurs when one party announces before performance is due that they will not perform. The non-breaching party may treat this as an immediate breach and seek remedies without waiting for the performance date.
Related South Carolina Contracts Questions
- In South Carolina, a 'net listing' is:
- When is a South Carolina real estate contract considered 'ratified'?
- A South Carolina seller who refuses to close after a contract is ratified may be subject to:
- In South Carolina, when a buyer makes an offer and the seller neither accepts nor rejects but simply remains silent:
- A South Carolina seller accepts an offer but then receives a higher offer before notifying the first buyer. At this point:
- In South Carolina, what does 'as-is' mean in a real estate contract?
- In South Carolina, what is a 'lease-purchase agreement'?
- In South Carolina, what is an 'escalation clause' in a real estate offer?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →