anticipatory breach
Anticipatory Breach
In contracts, a declaration in which one party stops performing his/her obligations. The
Uniform Commercial Code specifies how one may calculate
damages in a lawsuit resulting from an 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.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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