When a Party Expressly Declares Before the Time for Performance

question 46

True/False

When a party expressly declares before the time for performance arrives that the contract will not be performed, such a declaration is called an anticipatory repudiation.

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Definitions:

Collective Effervescence

A concept in sociology to describe the sense of energy and harmony people feel when they come together in a group around shared beliefs or activities.

Profane

Concerned with the ordinary, mundane, or worldly, as opposed to that which is considered sacred or holy.

Collective Conscience

The set of shared beliefs, ideas, and moral attitudes that operate as a unifying force within society.

Everyday Lives

The daily experiences, routines, and activities of individuals within a society, focusing on personal and social interactions.