Okla. Stat. tit. 12A, § 12A-2A-403
This is the official text of Okla. Stat. tit. 12A, § 12A-2A-403, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Retraction of anticipatory repudiation
Official statutory text
RETRACTION OF ANTICIPATORY REPUDIATION
(1) Until the repudiating party's next performance is due, the
repudiating party can retract the repudiation unless, since the
repudiation, the aggrieved party has cancelled the lease contract or
materially changed the aggrieved party's position or otherwise
indicated that the aggrieved party considers the repudiation final.
(2) Retraction may be by any method that clearly indicates to
the aggrieved party that the repudiating party intends to perform
under the lease contract and includes any assurance demanded under
Section 41 of this act.
(3) Retraction reinstates a repudiating party's rights under a
lease contract with due excuse and allowance to the aggrieved party
for any delay occasioned by the repudiation.
(1) Until the repudiating party's next performance is due, the
repudiating party can retract the repudiation unless, since the
repudiation, the aggrieved party has cancelled the lease contract or
materially changed the aggrieved party's position or otherwise
indicated that the aggrieved party considers the repudiation final.
(2) Retraction may be by any method that clearly indicates to
the aggrieved party that the repudiating party intends to perform
under the lease contract and includes any assurance demanded under
Section 41 of this act.
(3) Retraction reinstates a repudiating party's rights under a
lease contract with due excuse and allowance to the aggrieved party
for any delay occasioned by the repudiation.
Status: in_force · Read it on the official government site
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