Lou and David have an executory contract that is supposed to be performed on June 1.On May 1,David indicates that he has no intention of performing the contract as agreed.Lou must wait until June 1 before he can pursue any remedies for breach of contract against David.

Question

Quizplus · Accepted Answer

Lou does not have to wait until June 1 to pursue remedies for breach of contract. David has already expressed his intention not to perform the contract, which constitutes anticipatory repudiation. Lou can choose to either wait until June 1 and treat David's non-performance as a breach, or he can immediately pursue remedies for anticipatory repudiation.

Lou and David Have an Executory Contract That Is Supposed