Question

Jim contracted with Kevin to serve as a guide for Kevin on his three-week fishing trip to Canada. The contract was made on April 1 with the trip to begin on June 1. On May 1, Kevin notified Jim that he had changed his mind and would be unable to make the trip. He also refused to pay Jim any compensation.

a. Because the contract is executory, Jim has suffered no damages, and Kevin has no obligation to pay any compensation.
b. Kevin has anticipatorily repudiated the contract and is liable to Jim for damages.
c. If Kevin changes his mind again and decides to go on the trip, Jim will have to perform unless he has notified Kevin that he is canceling the contract.
d. Both (b) and (c) above are correct.

Answer 1

b. Kevin has anticipatorily repudiated the contract and is liable to Jim for damages.

Step-by-step explanation: