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
lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Alaska Statutes 45.02.610

  • Contract: A legal written agreement that becomes binding when signed.
  • seller: means a person who sells or contracts to sell goods. See Alaska Statutes 45.02.103
(2) resort to any remedy for breach (Alaska Stat. § 45.02.703 or 45.02.711), even though the aggrieved party has notified the repudiating party that the former would await the latter’s performance and has urged retraction; and
(3) in either case suspend the aggrieved party’s own performance or proceed in accordance with the provisions of this chapter on the seller‘s right to identify goods to the contract notwithstanding breach or to salvage unfinished goods (Alaska Stat. § 45.02.704).
  Previous section
Next section  
 Article 6 Contents