A Buyer's Cancellation of a Contract Based on the Seller's

question 63

Multiple Choice

A buyer's cancellation of a contract based on the seller's anticipatory repudiation is effective:

• A) if the cancellation precedes the seller's attempt to retract her repudiation.
• B) only if bond has been obtained.
• C) only if the buyer expressly notifies the seller of the cancellation.
• D) All of these are correct.

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Definitions:

Psychoanalytic

A psychological perspective emphasizing the importance of unconscious processes and childhood experiences in shaping behavior and personality.

Internal

Existing or situated within something; inside.

Stable

Having a firm, steady state or condition that is resistant to change or disorder.

Global Explanations

Broad, generalized reasons or explanations for events or behaviors that extend beyond specific instances to form a general outlook.