Conn. Gen. Stat. § 42a-2-609
This is the official text of Conn. Gen. Stat. § 42a-2-609, part of Connecticut’s Gen. Stat — part of the compiled statutory law of Connecticut, published by the state as "Gen. Stat." Browse the sections below, each linked to its official government source.
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Sec. 42a-2-609. Right to adequate assurance of performance.
Official statutory text
(2) Between merchants the reasonableness of grounds for insecurity and the adequacy of any assurance offered shall be determined according to commercial standards.
(3) Acceptance of any improper delivery or payment does not prejudice the aggrieved party's right to demand adequate assurance of future performance.
(4) After receipt of a justified demand failure to provide within a reasonable time not exceeding thirty days such assurance of due performance as is adequate under the circumstances of the particular case is a repudiation of the contract.
Cited. 165 C. 300; 166 C. 280. It is possible that seller may terminate a contract without first invoking the insecurity methodology of section. 180 C. 714. Analogy of statute to real property transaction discussed. 189 C. 212.
Cited. 7 CA 318.
(3) Acceptance of any improper delivery or payment does not prejudice the aggrieved party's right to demand adequate assurance of future performance.
(4) After receipt of a justified demand failure to provide within a reasonable time not exceeding thirty days such assurance of due performance as is adequate under the circumstances of the particular case is a repudiation of the contract.
Cited. 165 C. 300; 166 C. 280. It is possible that seller may terminate a contract without first invoking the insecurity methodology of section. 180 C. 714. Analogy of statute to real property transaction discussed. 189 C. 212.
Cited. 7 CA 318.
Status: in_force · Read it on the official government site
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