Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 28-2a-403 — District of Columbia Law | CourtGPT
  1. Home/
  2. Laws/
  3. District of Columbia/
  4. Title 28 - Commercial Instruments and Transactions. [Enacted Title]/
  5. Subtitle I - Uniform Commercial Code/
  6. Article 2a - Leases/
  7. Part IV - Performance of Lease Contract: Repudiated, Substituted, and Excused§ 28:2a–401. Insecurity: Adequate Assurance of Performance/
  8. § 28-2a-403
District of Columbia Legal Code
Retraction of anticipatory repudiation. (a) 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. (b) 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 § 28:2A-401. (c) 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. (July 22, 1992, D.C. Law 9-128, § 2(b), 39 DCR 3830.) Prior Codifications 1981 Ed., § 28:2A-403. Uniform Commercial Code Comment Uniform Statutory Source:Section 2-611. Changes: Revised to reflect leasing practices and terminology. Note that in the analogue to subsection (2) ( Section 2-611(2)) the adjective 'justifiably' modifies demanded.

ory Source:Section 2-611. Changes: Revised to reflect leasing practices and terminology. Note that in the analogue to subsection (2) ( Section 2-611(2)) the adjective 'justifiably' modifies demanded. The adjective was deleted here (as it was in Section 2A-401) as unnecessary, implying no substantive change. Definitional Cross References: 'Aggrieved party'. Section 1-201(2). 'Cancellation'. Section 2A-103(1)(b). 'Lease contract'. Section 2A-103(1)(l). 'Party'. Section 1-201(29). 'Rights'. Section 1-201(36).

§ 28-2a-403

Ask AI about this