2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.2A-403 RETRACTION OF ANTICIPATORY REPUDIATION.
336.2A-403 RETRACTION OF ANTICIPATORY REPUDIATION.
(1) 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.
(2) 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
336.2A-401.
(3) 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.
History: 1989 c 232 art 1 s 2A-403
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