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Repudiation |
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Repudiation When one party refuses to honor their terms in a loan contract. Notes: This is often seen when a new government is elected and refuses to settle debts acquired by a previous government.See also: Debt |
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? Mentioned in | ? References in periodicals archive | |
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| Furthermore RIGS sent a letter informing PNC that its actions constituted an anticipatory repudiation of the merger agreement between the two entities and that RIGS is now entitled to discuss merger combinations with other interested parties. Riggs today has sent a letter informing PNC that its actions constituted an anticipatory repudiation of the Merger Agreement and that Riggs is now entitled to discuss merger combinations with other interested parties. The complaint alleges breach of a contract and of the duty to deal fairly and lack of good faith, anticipatory repudiation of a contract, negligent misrepresentation and unfair competition. |
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Anticipatory repudiation
