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

question 57

Multiple Choice

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

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

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Definitions:

Costs

The expenditures or charges associated with obtaining, producing, maintaining, or using a product or service.

Constructive Conflict

A type of conflict that is managed effectively and leads to problem-solving and improved relationships.

Avoid Conflict

A behavioral response aimed at dodging disagreements, confrontations, or disputes to maintain harmony.

Open-Minded Discussion

A dialogue approach that involves an willingness to consider different perspectives and ideas without prejudgment.