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:
(a) For a commercially reasonable time await performance by the repudiating party; or
(b) Resort to any remedy for breach (Code Section 11-2-703 or Code Section 11-2-711), even though he has notified the repudiating party that he would await the latter's performance and has urged retraction; and
(c) In either case suspend his own performance or proceed in accordance with the provisions of this article on the seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods (Code Section 11-2-704).
Section: Previous 11-2-603 11-2-604 11-2-605 11-2-606 11-2-607 11-2-608 11-2-609 11-2-610 11-2-611 11-2-612 11-2-613 11-2-614 11-2-615 11-2-616 NextLast modified: October 14, 2016