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In case of anticipatory breach, the aggrieved party may treat the contract
- a)as discharged and bring an immediate action for damages.
- b)as operative and wait till the time for performance arrives.
- c)exercise option either (a) or (b).
- d)only option (a) is available.
Correct answer is option 'C'. Can you explain this answer?
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In case of anticipatory breach, the aggrieved party may treat the cont...
An anticipatory breach of contract is an action that shows one party's intention to fail to fulfill its contractual obligations to another party. Demonstrating the other party's intention to breach the contract gives the counterparty grounds for beginning legal action.
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In case of anticipatory breach, the aggrieved party may treat the cont...
Anticipatory breach refers to a situation where one party to a contract notifies the other party of their intention not to perform their obligations under the contract before the time for performance arrives. In such a case, the aggrieved party has the following options:
Option (a) - Treat the contract as discharged and bring an immediate action for damages: The aggrieved party can consider the contract as no longer binding and can sue the other party for damages. However, this option is irreversible, and the aggrieved party cannot later choose to enforce the contract.
Option (b) - Treat the contract as operative and wait till the time for performance arrives: The aggrieved party can choose to wait until the time for performance arrives to see if the other party performs their obligations. If the other party does not perform, the aggrieved party can then sue for damages.
Option (c) - Exercise option either (a) or (b): The aggrieved party can choose either option (a) or option (b) based on their circumstances and preferences. They have the flexibility to decide which option suits them best.
Option (d) - Only option (a) is available: This option is incorrect as the aggrieved party has the option to choose between option (a) and option (b) or exercise both options.
In conclusion, the aggrieved party in case of anticipatory breach has the option to treat the contract as discharged and sue for damages or wait until the time for performance arrives and sue for damages. They have the flexibility to choose either option or exercise both options.
Option (a) - Treat the contract as discharged and bring an immediate action for damages: The aggrieved party can consider the contract as no longer binding and can sue the other party for damages. However, this option is irreversible, and the aggrieved party cannot later choose to enforce the contract.
Option (b) - Treat the contract as operative and wait till the time for performance arrives: The aggrieved party can choose to wait until the time for performance arrives to see if the other party performs their obligations. If the other party does not perform, the aggrieved party can then sue for damages.
Option (c) - Exercise option either (a) or (b): The aggrieved party can choose either option (a) or option (b) based on their circumstances and preferences. They have the flexibility to decide which option suits them best.
Option (d) - Only option (a) is available: This option is incorrect as the aggrieved party has the option to choose between option (a) and option (b) or exercise both options.
In conclusion, the aggrieved party in case of anticipatory breach has the option to treat the contract as discharged and sue for damages or wait until the time for performance arrives and sue for damages. They have the flexibility to choose either option or exercise both options.
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In case of anticipatory breach, the aggrieved party may treat the cont...
An anticipatory breach of contract is an action that shows one party's intention to fail to fulfill its contractual obligations to another party. ... Demonstrating the other party's intention to breach the contract gives the counterparty grounds for beginning legal action. so correct answer is option 'c'
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In case of anticipatory breach, the aggrieved party may treat the contracta)as discharged and bring an immediate action for damages.b)as operative and wait till the time for performance arrives.c)exercise option either (a) or (b).d)only option (a) is available.Correct answer is option 'C'. Can you explain this answer?
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