repudiation of contract

repudiation of contract
Refusal to recognize the existence of a contract or the doing of something inconsistent with its existence; renunciation of liability under a contract. 17 Am J1st Contr § 443. A refusal or declination to perform in accordance with the contract. Lane v Chantilly Corp. 251 NY 435, 167 NE 578, 68 ALR 653.

Ballentine's law dictionary. . 1998.

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  • repudiation — A rejection, disclaimer, or renunciation of a contract before performance is due that does not operate as an anticipatory breach unless the promisee elects to treat the rejection as a breach and brings a suit for damages. The rejection or refusal …   Black's law dictionary

  • repudiation — re·pu·di·a·tion /ri ˌpyü dē ā shən/ n: the rejection or renunciation of a duty or obligation (as under a contract); esp: anticipatory repudiation ◇ A party aggrieved by a repudiation may consider a repudiated contract to have been breached and… …   Law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • Contract management — or contract administration is the management of contracts made with customers, vendors, partners, or employees. Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions,… …   Wikipedia

  • Repudiation — Disputing the validity of a contract and refusing to honor its terms. In investing, repudiation is most relevant in fixed income securities, particularly sovereign debt. Fixed income instruments are fundamentally contracts where the borrower… …   Investment dictionary

  • repudiation — repudiate UK US /rɪˈpjuːdieɪt/ verb [T] ► LAW to decide that an agreement is no longer effective and that you will not do what it says you must do: repudiate a contract/agreement »Failure to deliver on time will entitle the buyer to repudiate the …   Financial and business terms

  • repudiation —    The act by one party to a contract of informing the other party that the first party does not intend to honor the contract. Repudiation may also involve the denial of the existence of a contract; it is an anticipatory breach. In more general… …   Business law dictionary

  • Contract — law …   Wikipedia

  • Contract of sale — Contract law Part …   Wikipedia

  • repudiation — noun 1. the exposure of falseness or pretensions the debunking of religion has been too successful • Syn: ↑debunking • Derivationally related forms: ↑debunk (for: ↑debunking), ↑repudiate …   Useful english dictionary

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