Source: L. 91: Entire article added, p. 297, § 1, effective July 1, 1992.
Uniform Statutory Source: Section 2-609.
Changes: Revised to reflect leasing practices and terminology. Note that in the analogue to subsection (3) (Section 2-609(4)), the adjective "justified" modifies demand. The adjective was deleted here as unnecessary, implying no substantive change.
Definitional Cross References:
"Aggrieved party". Section 1-201(2).
"Agreed". Section 1-201(3).
"Between merchants". Section 2-104(3).
"Conforming". Section 2A-103(1)(d).
"Delivery". Section 1-201(14).
"Lease contract". Section 2A-103(1)(l).
"Party". Section 1-201(29).
"Reasonable time". Section 1-204(1) and (2).
"Receipt". Section 2-103(1)(c).
"Rights". Section 1-201(36).
"Writing". Section 1-201(46).
Structure Colorado Code
Title 4 - Uniform Commercial Code
Part 4 - Performance of Lease Contract: Repudiated, Substituted and Excused
§ 4-2.5-401. Insecurity: Adequate Assurance of Performance
§ 4-2.5-402. Anticipatory Repudiation
§ 4-2.5-403. Retraction of Anticipatory Repudiation
§ 4-2.5-404. Substituted Performance
§ 4-2.5-405. Excused Performance