Asked by
Renato Saiter-Frois
on Nov 30, 2024
Verified
MoVu Co. contracted to buy 400 round plastic bowls from Continental Industries, then anticipatorily breached the contract when their plans changed. Continental may proceed to identify to the contract conforming goods in its possession so that it can exercise the remedy of resale of the goods.
Anticipatorily Breached
This refers to a situation in law where a party indicates, either through their actions or words, that they will not fulfill their contractual obligations before the performance is due.
Resale
The act of selling an item that has already been purchased from the original seller to another buyer.
- Grasp the results and available courses of action when a violation of a sales contract is committed by a buyer or seller.
- Identify the legal implications and remedies available for wrongful rejection or repudiation of goods.
Verified Answer
SB
Learning Objectives
- Grasp the results and available courses of action when a violation of a sales contract is committed by a buyer or seller.
- Identify the legal implications and remedies available for wrongful rejection or repudiation of goods.
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