Wyoming § 34.1-2-616 Procedure on notice claiming excuse

Wyoming Statutes

§ 34.1-2-616 — Procedure on notice claiming excuse

Wyoming·Title 34.1 Uniform Commercial Code·Art. 2 SALES

(a)Where the buyer receives notification of a material or indefinite delay of an allocation justified under the preceding section he may by written notification to the seller as to any delivery concerned, and where the prospective deficiency substantially impairs breach of installment contracts (section 34.1-2-612), then also as to the whole:

(i)Terminate and thereby discharge any unexecuted portion of the contract; or

(ii)Modify the contract by agreeing to take his available quota in substitution.

(b)If after receipt of such notification from the seller the buyer fails so to modify the contract within a reasonable time not exceeding thirty (30) days the contract lapses with respect to any deliveries affected.

(c)The provisions of this section may not be negated by agreement except in

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(a) Where the buyer receives notification of a material or
indefinite delay of an allocation justified under the preceding
section he may by written notification to the seller as to any
delivery concerned, and where the prospective deficiency
substantially impairs breach of installment contracts (section
34.1-2-612), then also as to the whole:
(i) Terminate and thereby discharge any unexecuted
portion of the contract; or
(ii) Modify the contract by agreeing to take his
available quota in substitution.
(b) If after receipt of such notification from the seller
the buyer fails so to modify the contract within a reasonable
time not exceeding thirty (30) days the contract lapses with
respect to any deliveries affected.
(c) The provisions of this section may not be negated by
agreement except insofar as the seller has assumed a greater
obligation under the preceding section.
PART 7
REMEDIES