Hipster Bicycles ordered $10,000$ bicycle wheels from Bicycle Wheels Incorporated $($BWI$)$ with delivery to be made on October $30.$ These wheels will be used by Hipster to meet the bicycle demand for the upcoming holiday season. Under which circumstance may Hipster claim that BWI has made an anticipatory repudiation of the contract?

Hipster Bicycles ordered $10,000$ bicycle wheels from Bicycle Wheels Incorporated $($BWI$)$ with delivery to be made on October $30.$ These wheels will be used by Hipster to meet the bicycle demand for the upcoming holiday season. Under which circumstance may Hipster claim that BWI has made an anticipatory repudiation of the contract?

The demand for bicycles has suddenly decreased, and Hipster isn't sure it can sell the $10,000$ wheels it ordered.

The cost of steel to manufacture the wheels has risen, lowering BWI's profit margin, yet BWI insists that it will honor the contract.

Hipster has found another manufacturer that can provide less expensive wheels of the same quality as BWI's wheels.

BWI's sole manufacturing plant burned down on October $1,$ yet the CEO of BWI insists that the company will rebuild and honor the contract.