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Get Answers to all your Questions
Peter enters into a contract with Jack on June 01, 2023. As per the contract, Peter agrees to sell his guitar to Jack on June 10, 2023, for an amount of Rs 5,000. However, he sells this guitar to Oliver on June 07, 2023. Jack sues Peter for breach of contract. Is Peter liable?
Option: 1
He is liable for anticipatory breach of contract.
Option: 2
He is not liable for breach of contract.
Option: 3
A contract is invalid.
Option: 4
Peter has to perform a contract.
Answers (1)
Peter sold his guitar before the date at which he was going to sell it to John,It is an anticipatory breach of contract due to Peter’s conduct. Hence correct option is A is correct.
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