Register
After company x enters into a contract with company y, it advises company y of its intent to not honor its contractual obligations. what can company x be sued for?
229k views
0 votes
After company x enters into a contract with company y, it advises company y of its intent to not honor its contractual obligations. what can company x be sued for?

User Peter Staranchuk
by
4.6k points

1 Answer

6 votes

Anticipatory repudiation/anticipatory breach

This means that company Y anticipates that company X does not intend to to honor the contract based on what they were told. Even if the breach hasn't occurred yet, company Y can begin the lawsuit/recovery process because of the anticipation of loss.

User Mauro Destro
by
4.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

Which of the following should be considered last when searching for financing? Family members Banks Commercial finance companies Credit cards I'm guessing it's C but idk
Explain the similarities and differences between how both producers and consumer use money
Donna's philosophy as she coordinates the marketing efforts is to keep in mind the company's overarching strategy, and to ensure that all marketing activities send a consistent message, beginning with
Brett buys a new cell phone for​ $100. he receives consumer surplus of​ $80 from the purchase. how much does brett value his cell​ phone?
Given the following income elasticities of demand: Product Income elasticity movies +3.4 Dental service +1.0 Clothing +0.5 The values indicate that movies and dental services are normal goods, but clothing
Link Copied!