Section 2A–402. If either party repudiates a lease contract with respect to a performance not yet due under the lease contract, the loss of which performance will substantially impair the value of the lease contract to the other, the aggrieved party may:
(a) for a commercially reasonable time, await retraction of repudiation and performance by the repudiating party;
(b) make demand pursuant to Section 2A–401 and await assurance of future performance adequate under the circumstances of the particular case; or
(c) resort to any right or remedy upon default under the lease contract or this Article, even though the aggrieved party has notified the repudiating party that the aggrieved party would await the repudiating party's performance and assurance and has urged retraction. In addition, whether or not the aggrieved party is pursuing one of the foregoing remedies, the aggrieved party may suspend performance or, if the aggrieved party is the lessor, proceed in accordance with the provisions of this Article on the lessor's right to identify goods to the lease contract notwithstanding default or to salvage unfinished goods (Section 2A–524).
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Chapter 106 - Uniform Commercial Code
Section 2a-511 - Merchant Lessee's Duties as to Rightfully Rejected Goods
Section 2a-512 - Lessee's Duties as to Rightfully Rejected Goods
Section 2a-504 - Liquidation of Damages
Section 2a-514 - Waiver of Lessee's Objections
Section 2a-510 - Installment Lease Contracts: Rejection and Default
Section 2a-513 - Cure by Lessor of Improper Tender or Delivery; Replacement
Section 2a-509 - Lessee's Rights on Improper Delivery; Rightful Rejection
Section 2a-105 - Territorial Application of Article to Goods Covered by Certificate of Title
Section 2a-507 - Proof of Market Rent: Time and Place
Section 2a-103 - Definitions and Index of Definitions
Section 2a-104 - Leases Subject to Other Law
Section 2a-515 - Acceptance of Goods
Section 2a-508 - Lessee's Remedies
Section 2a-523 - Lessor's Remedies
Section 2a-518 - Cover; Substitute Goods
Section 2a-532 - Lessor's Rights to Residual Interest
Section 2a-531 - Standing to Sue Third Parties for Injury to Goods
Section 2a-530 - Lessor's Incidental Damages
Section 2a-529 - Lessor's Action for the Rent
Section 2a-528 - Lessor's Damages for Nonacceptance, Failure to Pay, Repudiation, or Other Default
Section 2a-527 - Lessor's Rights to Dispose of Goods
Section 2a-517 - Revocation of Acceptance of Goods
Section 2a-526 - Lessor's Stoppage of Delivery in Transit or Otherwise
Section 2a-524 - Lessor's Right to Identify Goods to Lease Contract
Section 2a-522 - Lessee's Right to Goods on Lessor's Insolvency
Section 2a-521 - Lessee's Right to Specific Performance or Replevin
Section 2a-520 - Lessee's Incidental and Consequential Damages
Section 2a-525 - Lessor's Right to Possession of Goods
Section 2a-107 - Waiver or Renunciation of Claim or Right After Default
Section 2a-109 - Option to Accelerate at Will
Section 2a-304 - Subsequent Lease of Goods by Lessor
Section 2a-305 - Sale or Sublease of Goods by Lessee
Section 2a-306 - Priority of Certain Liens Arising by Operation of Law
Section 2a-308 - Special Rights of Creditors
Section 2a-309 - Lessor's and Lessee's Rights When Goods Become Fixtures
Section 2a-310 - Lessor's and Lessee's Rights When Goods Become Accessions.
Section 2a-311 - Priority Subject to Subordination
Section 2a-401 - Insecurity: Adequate Assurance of Performance
Section 2a-402 - Anticipatory Repudiation
Section 2a-403 - Retraction of Anticipatory Repudiation
Section 2a-404 - Substituted Performance
Section 2a-405 - Excused Performance
Section 2a-406 - Procedure on Excused Performance
Section 2a-407 - Irrevocable Promises: Finance Leases
Section 2a-501 - Default: Procedure
Section 2a-502 - Notice After Default
Section 2a-503 - Modification or Impairment of Rights and Remedies
Section 2a-302 - Title to and Possession of Goods
Section 2a-108 - Unconscionability
Section 2a-301 - Enforceability of Lease Contract
Section 2a-220 - Effect of Default on Risk of Loss
Section 2a-201 - Statute of Frauds
Section 2a-202 - Final Written Expression: Parol or Extrinsic Evidence
Section 2a-203 - Seals Inoperative
Section 2a-204 - Formation in General
Section 2a-206 - Offer and Acceptance in Formation of Lease Contract
Section 2a-208 - Modification, Rescission and Waiver
Section 2a-209 - Lessee Under Finance Lease as Beneficiary of Supply Contract
Section 2a-221 - Casualty to Identified Goods
Section 2a-210 - Express Warranties
Section 2a-212 - Implied Warranty of Merchantability
Section 2a-213 - Implied Warranty of Fitness for Particular Purpose
Section 2a-214 - Exclusion or Modification of Warranties
Section 2a-214a - Limitation on Exclusion or Modification of Warranties
Section 2a-215 - Cumulation and Conflict of Warranties Express or Implied
Section 2a-216 - Lack of Privity in Actions Against a Manufacturer, Supplier or Lessor of Goods
Section 2a-506 - Statute of Limitations