Repudiation: Difference between revisions

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To repudiate a [[contract]] is to indicate an inability or unwillingness to perform it in such a way as to deprive the aggrieved party of substantially the whole benefit of the bargain represented by the contract.
To repudiate a [[contract]] is to indicate an inability or unwillingness to perform it in such a way as to deprive the aggrieved party of substantially the whole benefit of the bargain represented by the contract.


A “repudiatory” [[breach of contract]] is a one which is sufficiently serious to indicate a party has repudiated the contract, thereby entitling the innocent party to [[terminate]] the {{tag|contract}}.
A “repudiatory” [[breach of contract]] is a one which is sufficiently serious to indicate a party has repudiated the {{tag|contract}}, thereby entitling the innocent party to [[terminate]] the {{tag|contract}}.


In this case the innocent party has two options: It can  
In this case the innocent party has two options: It can  
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===Surely, you can’t be serious===
===Surely, you can’t be serious===
''I '''am''' serious. And don’t call me Shirley.'' <br>
''I '''am''' serious. And don’t call me Shirley.'' <br>
The $64,000 question: What counts as “sufficiently serious”?
The $64,000 question: What counts as “sufficiently serious”?

Revision as of 09:29, 3 October 2016

To repudiate a contract is to indicate an inability or unwillingness to perform it in such a way as to deprive the aggrieved party of substantially the whole benefit of the bargain represented by the contract.

A “repudiatory” breach of contract is a one which is sufficiently serious to indicate a party has repudiated the contract, thereby entitling the innocent party to terminate the contract.

In this case the innocent party has two options: It can

  • accept the repudiation and treat the contract as at an end; or
  • affirm the contract and insist on performance by the repudiating party.

Surely, you can’t be serious

I am serious. And don’t call me Shirley.
The $64,000 question: What counts as “sufficiently serious”?