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 the above.

Question

Quizplus · Accepted Answer

A buyer's cancellation of a contract based on the seller's anticipatory repudiation is effective if it precedes the seller's attempt to revoke their repudiation. No express notification or bond is required for the cancellation to be effective.

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