Illinois Compiled Statutes 810 ILCS 5/2-610 – Anticipatory repudiation
Current as of: 2024 | Check for updates
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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
(a) for a commercially reasonable time await
(a) for a commercially reasonable time await
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performance by the repudiating party; or
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(b) resort to any remedy for breach (Section 2-703 or
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Section 2-711), even though he has notified the repudiating party that he would await the latter’s performance and has urged retraction; and
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(c) in either case suspend his own performance or
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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).
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Terms Used In Illinois Compiled Statutes 810 ILCS 5/2-610
- Contract: A legal written agreement that becomes binding when signed.
- Seller: means a person who sells or contracts to
sell goods. See Illinois Compiled Statutes 810 ILCS 5/2-103
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