New York § 2-A-403 Retraction of Anticipatory Repudiation

New York Statutes

§ 2-A-403 — Retraction of Anticipatory Repudiation

New York § 2-A-403

Law UCCUniform Commercial Code

Part 4Performance of Lease Contract: Repudiated, Substituted and Excused

Art. 2-ALeases

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Bluebook

N.Y. Uniform Commercial Code § 2-A-403 (2026).

Text

Section 2-A-403. Retraction of Anticipatory Repudiation.\n  (1) Until the repudiating party's next performance is due, the\nrepudiating party can retract the repudiation unless, since the\nrepudiation, the aggrieved party has canceled the lease contract or\nmaterially changed the aggrieved party's position or otherwise indicated\nthat the aggrieved party considers the repudiation final.\n  (2) Retraction may be by any method that clearly indicates to the\naggrieved party that the repudiating party intends to perform under the\nlease contract and includes any assurance demanded under Section\n2-A-401.\n  (3) Retraction reinstates a repudiating party's rights under a lease\ncontract with due excuse and allowance to the aggrieved party for any\ndelay occasioned by the repudiation.\n

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Section 2-A-403. Retraction of Anticipatory Repudiation.\n (1) Until the repudiating party's next performance is due, the\nrepudiating party can retract the repudiation unless, since the\nrepudiation, the aggrieved party has canceled the lease contract or\nmaterially changed the aggrieved party's position or otherwise indicated\nthat the aggrieved party considers the repudiation final.\n (2) Retraction may be by any method that clearly indicates to the\naggrieved party that the repudiating party intends to perform under the\nlease contract and includes any assurance demanded under Section\n2-A-401.\n (3) Retraction reinstates a repudiating party's rights under a lease\ncontract with due excuse and allowance to the aggrieved party for any\ndelay occasioned by the repudiation.\n