47-2611. Retraction of anticipatory
repudiation
A. Until the repudiating party's next performance is due he can retract his
repudiation unless the aggrieved party has since the repudiation cancelled or materially
changed his position or otherwise indicated that he considers the repudiation final.
B. 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 chapter (section 47-2609).
C. 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.
|