California Commercial Code Section 10403
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California Laws > Commercial Code > California Commercial Code Section 10403
10403. (a) Until the repudiating party's next performance is due,
the repudiating party can retract the repudiation unless, since the
repudiation, the aggrieved party has canceled the lease contract or
materially changed the aggrieved party's position or otherwise
indicated that the aggrieved party considers the repudiation final.
(b) Retraction may be by any method that clearly indicates to the
aggrieved party that the repudiating party intends to perform under
the lease contract and includes any assurance demanded under Section
10401.
(c) Retraction reinstates a repudiating party's rights under a
lease contract with due excuse and allowance to the aggrieved party
for any delay occasioned by the repudiation.
Section: 10403
Last modified: February 22, 2013
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