Anticipatory Repudiation

The video explains the concept of anticipatory repudiation in contracts, where one party can back out if they anticipate the other party will breach the agreement. It discusses the conditions under which repudiation is justified, the right to demand assurance from the other party, and the possibility of withdrawing repudiation if certain conditions are met.

What is anticipatory repudiation in the context of contracts?

• A party's decision to change the terms of a contract

• A party's refusal to sign a contract

• A party's anticipation of a breach by the other party

• A party's failure to pay on time

Which of the following is NOT a factor in determining if anticipatory repudiation is justified?

• The other party's actions or inactions

• The other party's financial status

• The other party's speech alone

• The other party's indication of breach

What can a party demand if they suspect the other party might breach the contract?

• Reasonable assurance

• Termination of the agreement

• A new contract

• Immediate payment

Under what condition can a party withdraw their repudiation?

• If the other party changes their position

• If the contract was cancelled

• If the contract was never signed

• If the other party provides assurance

Which of the following would prevent the withdrawal of repudiation?

• The contract was never finalized

• The other party materially changed their position

• The contract was extended

• The other party agreed to new terms