Answer :
Anticipatory repudiation is when a party indicates it won't fulfill contractual obligations before the performance is due, granting the right to sue immediately. The correct answer is a) anticipatory repudiation.
Anticipatory repudiation occurs when a party indicates it will not fulfill its contractual obligations before the performance is due. In this scenario, Game Goods, Inc. informing Hub Sports Store it will not deliver falls under anticipatory repudiation.
The situation described is an example of anticipatory repudiation. This occurs when one party to a contract communicates to the other party that it will not perform its contractual duties when the time for performance is due. GGI's advance communication to Hub Sports Store that it will not deliver the sports equipment constitutes anticipatory repudiation.
Anticipatory repudiation gives the non-breaching party the right to sue for breach of contract immediately, without having to wait for the actual performance date. It is a significant concept in business law that impacts contractual agreements and their enforcement. The correct answer is a) anticipatory repudiation.
