Anticipatory Breach

question 111

Multiple Choice

Anticipatory breach:

• A) does not apply in case of service contracts
• B) discharges the duties of the non-breaching party under the contract
• C) prohibits the contract from being reinstated
• D) does not occur so long as the event is more than one year in the future
• E) all of the other choices

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Definitions:

Promissory Note

A written promise to pay a specified sum of money to a certain individual or entity at a specified time or on demand, under specified conditions.

Fraud in the Inducement

A deceitful practice where a person is misled through misrepresentation to enter into a contract or agreement.

Essential Nature

The fundamental qualities or characteristics that define the true identity or core purpose of something.

Autograph Fraud

Involves the forgery or misrepresentation of a celebrity or notable individual's signature with the intent to deceive or profit.