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Nookie1986
27 days ago
14

Penelope agrees to sell 100 pounds of sugar to Vito in June. In May, Penelope discovers there is a major sugar shortage and she

would have to pay her supplier 1000 times more than expected. She alerts Vito in May that she does not intend to sell him the sugar. This is an example of:
Business
1 answer:
marusya05 [3K]27 days ago
5 0

Answer:

Anticipatory repudiation.

Explanation:

Penelope's response to her situation exemplifies anticipatory repudiation.

This concept, also referred to as anticipatory breach, pertains to contract law where one party expresses their intention not to fulfill their contractual duties.

It generally signifies a significant breach of contract, releasing the promisee from their responsibilities.

This occurs when the promisor signals before their performance is due that they are either unwilling or unable to complete the contract.

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Ensuring Shelia comprehends the economic reasoning behind staff layoffs.

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CHERCRO Inc. is a startup. It is estimated that the company will not be paying any dividends for the coming 4 years. If the comp
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Toyota and its suppliers have a relationship in which Toyota encourages suppliers to modernize their facilities and provides the
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c. strategic network.

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