Which of the following occurs when a contracting party refuses to complete the contract before the actual time of performance?

A) Preemptive repudiation
B) Anticipatory repudiation
C) Advance refusal
D) Advance repudiation
E) Preparatory refusal

Anticipatory Repudiation

A declaration by one party to a contract that it intends to breach the contract before performance is due, allowing the other party to seek remedies.

Contracting Party

One of the entities involved in a legal agreement or contract, who agrees to fulfill certain obligations.

Performance

The execution, fulfillment, or accomplishment of terms as specified in a contract or agreement.