(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
Article (Section 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.
Structure New York Laws
Part 6 - Breach, Repudiation and Excuse
2-601 - Buyer's Rights on Improper Delivery.
2-602 - Manner and Effect of Rightful Rejection.
2-603 - Merchant Buyer's Duties as to Rightfully Rejected Goods.
2-604 - Buyer's Options as to Salvage of Rightfully Rejected Goods.
2-605 - Waiver of Buyer's Objections by Failure to Particularize.
2-606 - What Constitutes Acceptance of Goods.
2-608 - Revocation of Acceptance in Whole or in Part.
2-609 - Right to Adequate Assurance of Performance.
2-610 - Anticipatory Repudiation.
2-611 - Retraction of Anticipatory Repudiation.
2-612 - "Installment Contract"; Breach.
2-613 - Casualty to Identified Goods.
2-614 - Substituted Performance.