§490:2A-403  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 canceled 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 490:2A-401.



(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. [L 1991, c 40, pt
of §1]