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
(b) resort to any remedy for breach (§ 4-2-703 or § 4-2-711), 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 chapter on the seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods (§ 4-2-704).
History. Acts 1961, No. 185, § 2-610; A.S.A. 1947, § 85-2-610.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Part 6 - Breach, Repudiation, and Excuse
§ 4-2-601. Buyer's rights on improper delivery
§ 4-2-602. Manner and effect of rightful rejection
§ 4-2-603. Merchant buyer's duties as to rightfully rejected goods
§ 4-2-604. Buyer's options as to salvage of rightfully rejected goods
§ 4-2-605. Waiver of buyer's objections by failure to particularize
§ 4-2-606. What constitutes acceptance of goods
§ 4-2-608. Revocation of acceptance in whole or in part
§ 4-2-609. Right to adequate assurance of performance
§ 4-2-610. Anticipatory repudiation
§ 4-2-611. Retraction of anticipatory repudiation
§ 4-2-612. “Installment contract” — Breach
§ 4-2-613. Casualty to identified goods
§ 4-2-614. Substituted performance