Question: When one party to a contract, either through words or conduct, indicates to the other party that he or she will not perform a future obligation under the contract, which of the following is true at the time such communication is received? (Select the best answer.) Question Answer a. The innocent party may immediately consider the contract as terminated, consider herself absolved from any future obligations and take steps to recover losses suffered as a result of the future breach. b. The innocent party may ignore the communication and insist on continued performance. c. The innocent party may not do anything outside the contract as the time for completion of an obligation must pass before the innocent party can take action for breach. d. If the innocent party elects to insist on continued performance, he is immediately relieved from any future reciprocal obligations under the contract. e. A and B above.