Source: http://www.law.cornell.edu/ucc/2A/2A-402
Timestamp: 2014-12-22 10:54:58
Document Index: 375985010

Matched Legal Cases: ['§ 2', 'ART 4', '§ 2', '§ 2', '§ 2', '§ 2']

§ 2A-402. ANTICIPATORY REPUDIATION. | UCC - Uniform Commercial Code | LII / Legal Information Institute
Uniform Commercial Code › U.C.C. - ARTICLE 2A - LEASES (2002) › PART 4. PERFORMANCE OF LEASE CONTRACT: REPUDIATED, SUBSTITUTED AND EXCUSED › § 2A-402. ANTICIPATORY REPUDIATION. § 2A-402. ANTICIPATORY REPUDIATION.
If either party repudiates a lease contractwith respect to a performance not yet due under the lease contract, the loss of which performance will substantially impair the value of the lease contract to the other, the aggrieved party may:
(a)for a commercially reasonable time, await retraction of repudiation and performance by the repudiating party;
(b) make demand pursuant to Section 2A-401and await assurance of future performance adequate under the circumstances of the particular case; or
‹ § 2A-401. INSECURITY: ADEQUATE ASSURANCE OF PERFORMANCE.
§ 2A-403. RETRACTION OF ANTICIPATORY REPUDIATION. ›