Business Law
A contract was forced between Larson and Genix. This appears to be a legal contract. One month before the date on which the contract is to be fulfilled, Larson cancels this contract. It is not known what sort of clause might be in that contract with respect to cancellation, but presumably there was nothing. There are several remedies available to Genix at this point. At this point, the contract has not been breached, however. Genix can motivate Larson by pointing out the remedies that will be available on December 1st. This is the best option -- to convince the counterparty to fulfill the contract -- as it is relatively low cost and at this point would not represent any disruption to Genix.
However, should that approach fail, there are other remedies that are available. Genix can seek an injunction that would prevent Larson from selling five hundred machines to anybody else, knowing that Larson has these in inventory. Damages are also a possibility -- Genix can sue Larson for non-performance if it has suffered. Just because Larson wants to cancel a month in advance does not mean that there are no damages. Genix will have to show that it has attempted to mitigate the damages, but otherwise may be entitled to such damages. Even the threat of a suit, let alone a finding for damages, could prove cheaper for Larson than whatever else it had planned -- this might compel Larson to perform.
14-3. Anticipatory repudiation is defined as "the unjustifiable...
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