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Tex. Bus. & Com. Code § 2.611

RETRACTION OF ANTICIPATORY REPUDIATION

Known as the Uniform Commercial Code

The act spans §§ 1–12 (616 sections).

Applied in 1 court decision — leading case Larry Turner v. NJN Cotton Company (2015)

Most recently applied in Larry Turner v. NJN Cotton Company (November 2015)

Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff

(a) Until the repudiating party's next performance is due he can retract his repudiation unless the aggrieved party has since the repudiation cancelled or materially changed his position or otherwise indicated that he considers the repudiation final.

(b) Retraction may be by any method which clearly indicates to the aggrieved party that the repudiating party intends to perform, but must include any assurance justifiably demanded under the provisions of this chapter (Section 2.609).

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

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.