Which of the following correctly describes the type of repudiatory breach known as renunciation?
A、One party states that they have no intention to perform their obligations
B、One party prevents themselves from performing their obligations
C、One party is prevented from performing their obligations by external circumstances
A、One party states that they have no intention to perform their obligations
B、One party prevents themselves from performing their obligations
C、One party is prevented from performing their obligations by external circumstances
【参考答案及解析】
Renunciation involves one party stating they have no intention of performing their obligations. Incapacitation involves one party preventing themselves from performing their obligations. Frustration is occurs where external circumstances prevent a party from performing their obligations.
Renunciation involves one party stating they have no intention of performing their obligations. Incapacitation involves one party preventing themselves from performing their obligations. Frustration is occurs where external circumstances prevent a party from performing their obligations.