§2-1403. Retraction of anticipatory repudiation

Link to law: http://legislature.maine.gov/legis/statutes/11/title11sec2-1403.html
Published: 2015

§2-1403. Retraction of anticipatory repudiation








(1). 
 
Until the repudiating party's next performance is due, the repudiating party may
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.


[
1991, c. 805, §4 (NEW)
.]








(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 2-1401.


[
1991, c. 805, §4 (NEW)
.]








(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.


[
1991, c. 805, §4 (NEW)
.]





SECTION HISTORY

1991, c. 805, §4 (NEW).
Read Entire Law on legislature.maine.gov