(1) Until the repudiating party's next performance is due he can retract his repudiation unless the aggrieved party has since the repudiation canceled or materially changed his position or otherwise indicated that he considers the repudiation final.
(2) Retraction may be by any method which clearly indicates to the aggrieved party that the repudiating party intends to perform, but must include any assurance justifiably demanded under the provisions of this article (Code Section 11-2-609).
(3) Retraction reinstates the repudiating party's rights under the contract with due excuse and allowance to the aggrieved party for any delay occasioned by the repudiation.
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