§ 2A-403. Retraction of Anticipatory Repudiation
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 2A-403
§ 2A-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 cancelled 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 41 of this act.1
Credits
Laws 1988, c. 86, § 43, eff. Nov. 1, 1988.
Footnotes
Title 12A, § 2A-401.
12A Okl. St. Ann. § 2A-403, OK ST T. 12A § 2A-403
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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