Ky. Rev. Stat. § 355.2-610

Current through 2024 Ky. Acts ch. 225

Section 355.2-610 - Anticipatory repudiation

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

(a) for a commercially reasonable time await performance by the repudiating party; or

(b) resort to any remedy for breach (KRS 355.2-703 or 355.2-711), even though he has notified the repudiating party that he would await the latter's performance and has urged retraction; and

(c) in either case suspend his 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 (KRS 355.2-704).

KRS 355.2-610

Effective:7/1/1960
Created 1958 Ky. Acts ch. 77, sec. 2-610, effective7/1/1960.