Wallace Real Estate Investment Inc. v. Groves

Wallace (plaintiff) had assigned rights to purchase property from Groves (defendant) but sent a letter indicating it would be unable to close the deal by the agreed date. Wallace later sued Groves for breach of contract, and the question was whether Wallace's own communication constituted an anticipatory breach discharging Groves's obligations.

Whether an anticipatory breach is characterized by a promisor's unequivocal statement or action indicating an inability to perform contractual obligations.