CA Foundation Exam > CA Foundation Questions > In case of anticipatory breach, the aggrieved...
Start Learning for Free
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?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
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.
Most Upvoted Answer
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.
Free Test
FREE
| Start Free Test |
Community Answer
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'
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
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?
Question Description
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? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
Solutions for 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? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of
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?, a detailed solution for 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup