What options does contract party

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What options does a contract party have if that party believes that the other party will breach the contract?

Under the UCC, a party may require guarantees if it has reasonable grounds to believe the other party will violate the terms of agreement Should the other party fail to provide sufficient guarantees in a reasonable amount of time, this act as a repudiation, allowing the party with the potential to breach the contract to halt their own performance.

Reference no: EM133672183

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