§490:2A-403 Retraction of anticipatory repudiation. (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 490:2A-401.
(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. [L 1991, c 40, pt of §1]
Section: Previous 490-2a-307 490-2a-308 490-2a-309 490-2a-310 490-2a-311 490-2a-401 490-2a-402 490-2a-403 490-2a-404 490-2a-405 490-2a-406 490-2a-407 490-2a-501 490-2a-502 490-2a-503 NextLast modified: October 27, 2016