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Circumstances of Contract Breach: Anticipatory Repudiation & Demand for Assurances

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is a party who intends to complete a contract commonly called?

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1. Sometimes a contracting party reasonably believes the other party will breach the contract. What is this known as?

2. Which is a type of legal repudiation?

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About This Quiz & Worksheet

When a business deal is made, both parties are obligated to fulfill their contracts. If one does not, a breach of contract occurs. This quiz will ask you about important terms related to circumstances associated with a breach of contract.

Quiz & Worksheet Goals

These assessments check your understanding of:

  • The name of the party that has intent to complete the contract
  • Party who reasonably believes that the other party will breach the contract
  • Types of legal repudiation
  • The statement which disavows, recants or reverses a previous statement
  • When a contracting party requests the repudiating party provide evidence that he or she will fulfill the obligations of the contract

Skills Practiced

You'll be able to practice skills like:

  • Defining key concepts - ensure that you can accurately define main phrases that describe actions taken in a breach of contract
  • Interpreting information - verify that you can read information regarding the different parties involved in a breach of contract and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about legal repudiation

Additional Learning

There is more information about this subject available in our accompanying lesson called Circumstances of Contract Breach: Anticipatory Repudiation & Demand for Assurances. You'll learn about the following topics:

  • Definition of breach of contract
  • When a repudiating party acts without just cause
  • Effects of repudiation
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