(1) Until the repudiating party’s next performance is due the repudiating party can retract the repudiation unless the aggrieved party has since the repudiation canceled or materially changed position or otherwise indicated that the aggrieved party 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 ORS 72.6090.
(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. [1961 c.726 §72.6110]
Section: Previous 72.6040 72.6050 72.6060 72.6070 72.6080 72.6090 72.6100 72.6110 72.6120 72.6130 72.6140 72.6150 72.6160 72.7010 72.7020 NextLast modified: August 7, 2008