Arkansas Code Title 4, Subtitle 1, Chapter 2a - Leases, Part 4 - Performance of Lease Contract: Repudiated, Substituted and Excused

• § 4-2a-401 - Insecurity -- Adequate Assurance of Performance.
  (1) A lease contract imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired.(2) If reasonable...
• § 4-2a-402 - Anticipatory Repudiation.
  If either party repudiates a lease contract with respect to a performance not yet due under the lease contract, the loss of which performance...
• § 4-2a-403 - Retraction of Anticipatory Repudiation.
  (1) Until the repudiating party's next performance is due, the repudiating party can retract the repudiation unless, since the repudiation, the aggrieved party has...
• § 4-2a-404 - Substituted Performance.
  (1) If without fault of the lessee, the lessor and the supplier, the agreed berthing, loading, or unloading facilities fail or the agreed type...
• § 4-2a-405 - Excused Performance.
  Subject to § 4-2A-404 on substituted performance, the following rules apply: (a) Delay in delivery or nondelivery in whole or in part by a...
• § 4-2a-406 - Procedure on Excused Performance.
  (1) If the lessee receives notification of a material or indefinite delay or an allocation justified under § 4-2A-405, the lessee may by written...
• § 4-2a-407 - Irrevocable Promises -- Finance Leases.
  (1) In the case of a finance lease that is not a consumer lease the lessee's promises under the lease contract become irrevocable and...

Last modified: November 15, 2016