When an Anticipatory Repudiation of a Contract Occurs, the Non-Breaching

question 17

Multiple Choice

When an anticipatory repudiation of a contract occurs, the non-breaching party may do any of the following except:

• A) do nothing and wait for performance per the contract.
• B) immediately declare a breach of contract.
• C) consider the repudiation as an offer to cancel the contract.
• D) immediately seek an injunction.

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Definitions:

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The total of all production costs that do not change with the level of output, including salaries, rent, and insurance.

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The allocation of the cost of an asset over its useful life, reflecting the loss in value over time.

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An inclusive financial planning document that combines all of a company's individual budgets and plans for a specific period.

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