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This entry was published on 2014-09-22
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Retraction of Anticipatory Repudiation
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 2, PART 6
Section 2--611. Retraction of Anticipatory Repudiation.

(1) 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.

(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
Article (Section 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.