A buyer's cancellation of a contract based on the seller's anticipatory repudiation is effective:
A) only if the buyer expressly notifies the seller of the cancellation.
B) if the cancellation precedes the seller's attempt to retract her repudiation.
C) only if bond has been obtained.
D) All of these are correct.

Question

Quizplus · Accepted Answer

A buyer's cancellation of a contract based on the seller's anticipatory repudiation is effective if the cancellation precedes the seller's attempt to retract her repudiation. There is no requirement for the buyer to notify the seller of the cancellation or obtain a bond.

A Buyer's Cancellation of a Contract Based on the Seller's