Effects of Anticipatory Breach of Contract (a Comparative Study)

Abstract

The contract is an agreement that binds its parties and it should be performed precisely according to what the parties have been agreed upon and to what the duty of good faith requires. The executory contract is precisely performed through the performance of each partys obligation on time .Otherwise ,the party is in breach of the contract and he is liable to compensate the other party. The breach of contract in this case is called an actual breach . But the promisor by executory contract may do something at the meantime showing to the promisee that the promisor will fail to perform his future duty such as his affirmative and an unequivocal declaration that he will not perform his future obligation or his conduct which shows this effect or making the performance impossible in the future.