What remedies are available after an anticipatory repudiation Choose 3 answers Quizlet

Under ________ negligence, the jury will apportion fault among the parties and reduce theplaintiff's overall award by the percentage of harm caused by the plaintiff's own actionscomparativeA product may be defective if not manufactured or ______ properly.Multiple choice question.financeddesignedmanagedadvertisedIn addition to negligence and warranty theory, an injured consumer may also recover under a______ liability theory for harm caused by defective productsstrict

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The _______ rule that allows for liability for negligently manufactured products to include anyinjuries to persons and not just the actual purchaser

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If a competitor makes a false statement that disparages a competing product, the injuredbusiness may sue for ______ libel

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Adesigndefect is one in which there is a foreseeable risk of harm presented bythe product and an alternative design could have avoided the risk.

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_____ is typically accomplished by attaching some event, known as a(n) ______ that mustoccur before a particular performance obligation is triggered.

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A(n) ______ means that an event that must occur before performance under a contract is due.

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If the elements of contract formation are satisfied, the contract must still:______.

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When the parties complete their promises and obligations to each other, the contract is said tobe: ______.An agreement must reflect ________ assent in order to legally form a contract.

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When either party repudiates the contractwith respect to a performance not yet due the loss of which will substantially impair the value of the contract to the other, the aggrieved party may

  • (a) for a commercially reasonable time await performance by the repudiating party; or
  • (b) resort to any remedy for breach (Section 2-703 or Section 2-711), even though he has notified the repudiating party that he would await the latter's performance and has urged retraction; and
  • (c) in either case suspend his own performance or proceed in accordance with the provisions of this Article on the seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods (Section 2-704).

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What remedies are available after an anticipatory repudiation?

What Damages Are Allowed in an Anticipatory Repudiation Lawsuit?.
Monetary damages associated from the breach;.
Termination of the contract;.
Specific performance of the contract by the breaching party; or..
Suspension of the aggrieved party's own performance until new or amended contract terms are agreed upon in writing..

What are the remedies for anticipatory breach?

Restitution as a remedy focuses on returning the injured party money or the property which has been given to other party of the contract who has committed the anticipatory breach of contract. Rescission - It is a remedy of the contract which puts an end on the obligation of both the parties completely.

When an anticipatory repudiation of a contract occurs?

Anticipatory repudiation occurs in contracts where one party to a contract thinks the other side is going to breach the contract. For example, the seller of real estate may say that they are refusing to go through with the sale before the actual closing date.

What is the effect of anticipatory repudiation?

An anticipatory breach, or repudiation, preempts a failure of a party to meet its contractual obligations to another party. Parties claiming an anticipatory breach are obliged to make every effort to mitigate their own damages if they wish to seek compensation in court.