§ 41-02-74 — (2-611) Retraction of anticipatory repudiation

North Dakota § 41-02-74

• Jurisdiction: North Dakota
• Title 41: Uniform Commercial Code
• Ch. 41-02: Sales

Text

1. Until the repudiating party's next performance is due, the repudiating party can retract
the party's repudiation unless the aggrieved party has since the repudiation canceled
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 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 41-02-72).
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.