What Is an Anticipatory Repudiation,and What Must Be Shown for It

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The Answer is An anticipatory repudiation occurs when parties have entered into a contract and it becomes apparent that one of the parties will breach the contract.By claiming an anticipatory repudiation,the non-breaching party may seek recovery from the other party prior to the actual breach.Anticipatory repudiation also allows the non-breaching party to mitigate damages if the situation is appropriate.To claim an anticipatory repudiation,either the breaching party must inform the non-breaching party that it will in fact be breaching,something must occur that makes it clearly obvious that one party will breach,or it becomes common knowledge that one of the parties will breach the contract.

What Is an Anticipatory Repudiation,and What Must Be Shown for It

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What Is an Anticipatory Repudiation,and What Must Be Shown for It

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