Sid and Tony Enter a Contract for a Sale of Sid's

question 79

Multiple Choice

Sid and Tony enter a contract for a sale of Sid's collection of electric guitars. Before the time for performance, Sid tells Tony that he does not want to deliver the guitars. Anticipatory repudiation is

• A) a breach of contract.
• B) a compromise between two parties who are unable to perform.
• C) a remedy available only to a breaching party.
• D) a remedy available only to a nonbreaching party.

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Definitions:

Wealthier Families

Households possessing a significant amount of financial assets, income, or wealth, placing them towards the higher end of the socioeconomic spectrum.

Custody

The protective care or guardianship of someone or something, often used to describe the legal guardianship of a child.

Socioeconomic Status

The social standing or class of an individual or group, often measured by education, income, and employment.

Motherhood

The state or experience of having and raising a child or children, encompassing both physiological and emotional aspects.