§ 554.2610 — Anticipatory repudiation

Iowa § 554.2610

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 554: UNIFORM COMMERCIAL CODE

Text

When either party repudiates the contract with respect to a performance not yet due the
loss of which will substantially impair the value of the contract to the other, the aggrieved
party may
1. for a commercially reasonable time await performance by the repudiating party; or
2. resort to any remedy for breach (section 554.2703 or 554.2711), even though the
aggrieved party has notified the repudiating party that the aggrieved party would await the
latter’s performance and has urged retraction; and
3. in either case suspend the aggrieved party’s own performance or proceed in
accordance with the provisions of this Article on the seller’s right to identify goods to the
contract notwithstanding breach or to salvage unfinished goods (section 554.2704).

Legislative History

[C24, 27, 31, 35, 39, §9992, 9994; C46, 50, 54, 58, 62, §554.64, 554.66; C66, 71, 73, 75, 77, 79, 81, §554.2610]