Question: Acct 2321 Moving to another question will save this response. Question 38 2 points Save Answer UCA hires TC Construction to build a new residence

Acct 2321

Acct 2321 Moving to another question will save this response. Question 38

Moving to another question will save this response. Question 38 2 points Save Answer UCA hires TC Construction to build a new residence hall for $15,000,000. The contract, which is signed by the parties on November 2, 2020, provides that it is to be completed by August 1, 2022. On February 1, 2021, before TC has taken any steps to commence construction, UCA notifies TC that it has decided not to move ahead with the new residence hall. This action by UCA is anticipatory repudiation of the contract by UCA is ok and UCA can get out of the contract would entitle TC to seek specific performance of the contract none of the above. A Moving to another question will save this response. > SHARP

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