What is anticipatory repudiation

Assignment Help Management Theories

Reference no: EM131470604

Question: Anticipatory Repudiation. Moore contracted in writing to sell her 1996 Ford Taurus to Hammer for $8,500. Moore agreed to deliver the car on Wednesday, and Hammer promised to pay the $8,500 on the following Friday. On Tuesday, Hammer informed Moore that he would not be buying the car after all.

By Friday, Hammer had changed his mind again and tendered $8,500 to Moore. Moore, although she had not sold the car to another party, refused the tender and refused to deliver. Hammer claimed that Moore had breached their contract. Moore contended that Hammer's repudiation released her from her duty to perform under the contract. Who is correct, and why?

Reference no: EM131470604

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