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anticipatory breach |
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anticipatory breach An affirmative statement or action indicating that a party has no intention of honoring his or her contractual commitments.This is important because one cannot ordinarily bring a lawsuit until there has been an actual breach of a contract.For tactical or other reasons, it may be important to avoid delays.If there has been an anticipatory breach, the aggrieved party may bring suit immediately. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Anticipatory repudiation occurs where performances are to be exchanged under an exchange of promises and one party repudiates a duty to render performance resulting in the discharge of the other party's remaining duties to render performance. 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. They assert that the 1988 and 1992 bills were only an anticipatory repudiation and that the cause of action did not accrue until the government actually denied a request for prepayment. |
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