Hawaii Revised Statutes 490:2-610 – Anticipatory repudiation

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 performance by the repudiating party; or

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Terms Used In Hawaii Revised Statutes 490:2-610

Buyer: means a person who buys or contracts to buy goods. See Hawaii Revised Statutes 490:2-103
Contract: A legal written agreement that becomes binding when signed.
Seller: means a person who sells or contracts to sell goods. See Hawaii Revised Statutes 490:2-103

(b) Resort to any remedy for breach (section 490:2-703 or section buyer‘s security interest in rejected goods” class=”unlinked-ref” datatype=”S” sessionyear=”2019″ statecd=”HI”>490:2-711 ), even though he has notified the repudiating party that he would await the latter’s performance and has urged retraction; and

(c) 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 490:2-704 ).

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Hawaii Revised Statutes 490:2-610 – Anticipatory repudiation

Terms Used In Hawaii Revised Statutes 490:2-610

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