(1) Until the repudiating party's next performance is due he can retract his repudiation unless the aggrieved party has since the repudiation cancelled or materially changed his position or otherwise indicated that he considers the repudiation final.
(2) Retraction may be by any method which clearly indicates to the aggrieved party that the repudiating party intends to perform, but must include any assurance justifiably demanded under the provisions of this chapter (§ 4-2-609).
(3) Retraction reinstates the repudiating party's rights under the contract with due excuse and allowance to the aggrieved party for any delay occasioned by the repudiation.
History. Acts 1961, No. 185, § 2-611; A.S.A. 1947, § 85-2-611.
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