Section 2-A-403. Retraction of Anticipatory Repudiation  


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  • (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.