If an Anticipatory Repudiation Substantially Impairs the Value of the Contract

question 33

Multiple Choice

If an anticipatory repudiation substantially impairs the value of the contract, the aggrieved party may:

• A) demand immediate performance.
• B) cancel any contracts with third parties if those contracts are affected by this one.
• C) suspend his own performance.
• D) sue for defamation.

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Definitions:

Imports

Goods or services brought into one country from another for sale.

Comparative Advantage

The ability of an individual or country to produce a particular good or service at a lower opportunity cost than its trade partners, leading to more efficient trade outcomes.

Domestic Price

The price of goods or services within a country, influenced by local demand and supply conditions.

World Price

The global market price of a good or service, determined by supply and demand in the international marketplace.