Is N.Y. U.C.C. Law § 2-A-403 — Retraction of Anticipatory Repudiation still in force?

Statute · New York Uniform Commercial Code

N.Y. U.C.C. Law § 2-A-403 — Retraction of Anticipatory Repudiation

N.Y. U.C.C. Law § 2-A-403

Type: Statute
Source: New York Uniform Commercial Code
Jurisdiction: New York
Current through: Nov 4, 2026 (NY Senate Open Legislation)

Section 2-A-403. Retraction of Anticipatory Repudiation.

Citator

N.Y. U.C.C. Law § 2-A-403 — Retraction of Anticipatory Repudiation is in force in the current edition of the Code, and nothing recorded condemns it.

Section 2-A-403. Retraction of Anticipatory Repudiation.

(1) Until the repudiating party's next performance is due, the repudiating party can retract the repudiation unless, since the repudiation, the aggrieved party has canceled the lease contract 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 that clearly indicates to the aggrieved party that the repudiating party intends to perform under the lease contract and includes any assurance demanded under Section 2-A-401.

(3) Retraction reinstates a repudiating party's rights under a lease contract with due excuse and allowance to the aggrieved party for any delay occasioned by the repudiation.