QUESTION 8 Which of the following occurs when a contracting party refuses to complete the contract...
QUESTION 8
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Which of the following occurs when a contracting party refuses to complete the contract before the actual time of performance?
a. Preemptive repudiation
b. Anticipatory repudiation
c. Advance refusal
d. Advance repudiation
e. Preparatory refusal
1 points
QUESTION 9
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Completion of all of the terms of a contract is required for substantial performance.
True
False
Homework Answers
8. b. Anticipatory repudiation
This is the situation that arises when a contracting party actually refuses to complete the contract before the actual time of performance that has been agreed based on the contract accordingly.
9. False
Under the doctrine of Substantial performance, the major tasks or requirements are fulfilled that will ensure effective completion of the same.
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