Current as of May 05, 2022 | Updated by FindLaw Staff
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(1) Until the repudiating party's next performance is due he can retract his repudiation unless the aggrieved party has since the repudiation canceled or materially changed his position or otherwise indicated that he 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 this chapter (Section 70A-2-609).
(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.
Cite this article: FindLaw.com - Utah Code Title 70A. Uniform Commercial Code § 70A-2-611. Retraction of anticipatory repudiation - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-70a-uniform-commercial-code/ut-code-sect-70a-2-611/
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