Maine Revised Statutes Title 11 Sec. 2-610 – Anticipatory repudiation
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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
(1). For a commercially reasonable time await performance by the repudiating party; or
Terms Used In Maine Revised Statutes Title 11 Sec. 2-610
- Contract: A legal written agreement that becomes binding when signed.
- Seller: means a person who sells or contracts to sell goods. See Maine Revised Statutes Title 11 Sec. 2-103
(2). Resort to any remedy for breach (section 2?703 or section 2?711), even though he has notified the repudiating party that he would await the latter’s performance and has urged retraction; and
(3). 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 (section 2?704).