Wednesday, 6 August 2008

What is NON-REPUDIATION

Non-repudiation is the process of ensuring that a parties to a transaction cannot deny (this is repudiate) that a transaction occurred.

Repudiation is an assertion refuting a claim or the refusal to acknowledge an action or deed. Anticipatory repudiation (or anticipatory breach) describes a declaration by the promising party (as associated with a contract) that they intend to fail to meet their contractual obligations.

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