47-2A403

47-2A403. Retraction of anticipatory
repudiation

A. Until the repudiating party's next performance is due, the repudiating party can
retract the repudiation unless, since the repudiation, the aggrieved party has cancelled
the lease contract or materially changed the aggrieved party's position or otherwise
indicated that the aggrieved party considers the repudiation final.

B. Retraction may be by any method that clearly indicates to the aggrieved party
that the repudiating party intends to perform under the lease contract and includes any
assurance demanded under section 47-2A401.

C. Retraction reinstates a repudiating party's rights under a lease contract with
due excuse and allowance to the aggrieved party for any delay occasioned by the
repudiation.