Arizona Revised Statutes § 47-2610 Anticipatory Repudiation

47-2610. Anticipatory repudiation

When either party repudiates the contract with respect to a performance not yet due the loss of which will substantially impair the value of the contract to the other, the aggrieved party may:

1. For a commercially reasonable time await performance by the repudiating party; or

2. Resort to any remedy for breach (section 47-2703 or 47-2711), even though he has notified the repudiating party that he would await the latter's performance and has urged retraction; and

3. In either case suspend his own performance or proceed in accordance with the provisions of this chapter on the seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods (section 47-2704).

Section: Previous  47-2603  47-2604  47-2605  47-2606  47-2607  47-2608  47-2609  47-2610  47-2611  47-2612  47-2613  47-2614  47-2615  47-2616  47-2701  Next

Last modified: October 13, 2016