Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is CORRECT? Select one: a. If a contract has been repudiated, the innocent party has a choice. The contract may be

Which of the following is CORRECT?

Select one:

a. If a contract has been repudiated, the innocent party has a choice. The contract may be terminated immediately and damages claimed, or the breach can be ignored and the contract can be kept in place.

b. Repudiation must be clearly and expressly stated by a party, and cannot be inferred from conduct.

c. Repudiation is a legal excuse for a breach of contract, and prevents damages from being payable.

d. Repudiation gives rise to a right to claim damages, but the right of the innocent party to terminate depends upon the nature of the term that has been breached.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Income Distribution Volume 2B

Authors: Anthony B. Atkinson, Francois Bourguignon

1st Edition

0444594299, 978-0444594297

More Books

Students also viewed these Finance questions

Question

In Problems 3956, find each sum. 1 + 3 + 7 + . . . + (4n 5)

Answered: 1 week ago

Question

What magazine and ads did you choose to examine?

Answered: 1 week ago