Which of the following statements is true?
A) An anticipatory breach (breach before the date of performance) allows the innocent party to terminate the contract immediately, but damages may only be claimed after performance is due.
B) An innocent party may only terminate for the breach of an innominate term if she has the prior consent of a court.
C) A party purporting to terminate may rely on an inadequate reason or no reason at all to terminate the contract, so long as a good reason in fact existed at the time of termination, whether known or not to the terminating party.
D) None of the options given is correct.

Question

Quizplus · Accepted Answer

A party can terminate a contract if a valid reason exists at the time of termination, even if they were unaware of it or cited an inadequate reason.

Which of the Following Statements Is True