(a) Until the repudiating party's next performance is due, that party can retract the repudiation unless the aggrieved party has, since the repudiation, cancelled 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, but must include any assurance justifiably demanded under the provisions of AS 45.02.609 .
(c) Retraction reinstates the repudiating party's right under the contract with due excuse and allowance to the aggrieved party for any delay occasioned by the repudiation.
Section: Previous 45.02.603 45.02.604 45.02.605 45.02.606 45.02.607 45.02.608 45.02.609 45.02.610 45.02.611 45.02.612 45.02.613 45.02.614 45.02.615 45.02.616 NextLast modified: November 15, 2016