When an Anticipatory Repudiation of a Contract Occurs,the Aggrieved Person's

question 41

Multiple Choice

When an anticipatory repudiation of a contract occurs,the aggrieved person's option(s) include:

• A) doing nothing and waiting for performance per the contract.
• B) immediately declaring a breach of contract.
• C) considering the contract cancelled.
• D) all of the above.

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Definitions:

Spread Position

In trading, holding a combination of options positions that offset each other, to capitalize on movements in market prices or volatility.

Maturity

The date on which a financial obligation must be repaid or the final due date on which a bond or other debt instrument comes due and the principal must be paid back.

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, often used for hedging or speculating on the future price of financial instruments.

Forward Contract

A forward contract is a non-standardized agreement between two parties to buy or sell an asset at a specified future time at a price agreed upon today.