Oregon Statutes 72.6100 – 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:
Terms Used In Oregon Statutes 72.6100
- Contract: A legal written agreement that becomes binding when signed.
- Seller: means a person who sells or contracts to sell goods. See Oregon Statutes 72.1030
(1) For a commercially reasonable time await performance by the repudiating party; or
(2) Resort to any remedy for breach as provided in ORS § 72.7030 and 72.7110, even though the aggrieved party has notified the repudiating party that the aggrieved party would await the latter’s performance and has urged retraction; and
(3) In either case suspend the performance of the aggrieved party or proceed in accordance with the provisions of ORS § 72.7040 on the seller‘s right to identify goods to the contract notwithstanding breach or to salvage unfinished goods. [1961 c.726 § 72.6100]