High School

We appreciate your visit to Athletic Goods Inc AGI agrees to sell sports equipment to Bob s Sports Store Before the time for performance AGI clearly and firmly tells Bob. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!

Athletic Goods, Inc. (AGI) agrees to sell sports equipment to Bob’s Sports Store. Before the time for performance, AGI clearly and firmly tells Bob that it will not deliver. This is:

a) anticipatory repudiation.
b) perfect tender.
c) rejection of performance.
d) revocation of acceptance.

Answer :

The scenario given is an example of anticipatory repudiation, where AGI informs Bob's Sports Store before the delivery date that it will not fulfill the contract by delivering the sports equipment. The correct answer to the scenario described in the question is a) anticipatory repudiation

The correct answer to the scenario described in the question is a) anticipatory repudiation. Anticipatory repudiation occurs in contract law when one party informs the other party that they will not fulfill their contractual obligations before the time performance is due. This communication can be in the form of a clear and unequivocal statement or by actions that indicate they will not perform as agreed. In this case, AGI (Athletic Goods, Inc.) informed Bob's Sports Store ahead of performance time that it will not deliver the sports equipment, which constitutes anticipatory repudiation. It is different from b) perfect tender, which refers to the obligation of a seller to deliver goods in conformity with the terms of the contract; c) rejection of performance, which is when the receiving party refuses the performance or delivery; and d) revocation of acceptance, which is when a buyer who has accepted goods later rejects them due to non-conformity discovered.

Thanks for taking the time to read Athletic Goods Inc AGI agrees to sell sports equipment to Bob s Sports Store Before the time for performance AGI clearly and firmly tells Bob. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!

Rewritten by : Barada