554.2610 Anticipatory repudiation. When either party repudiates the contract with respect to a performance not yet due the loss of which will substantially impair the value of the contract to the other, the aggrievedparty may 1. for a commercially reasonable time await performance by the repudiating party; or2. resort to any remedy for breach (section 554.2703 or 554.2711), even though the aggrieved party has notified the repudiating party that the aggrieved party would await thelatter’s performance and has urged retraction; and 3. in either case suspend the aggrieved party’s own performance or proceed in accordance with the provisions of this Article on the seller’s right to identify goods to thecontract notwithstanding breach or to salvage unfinished goods (section 554.2704). [C24, 27, 31, 35, 39, §9992, 9994; C46, 50, 54, 58, 62, §554.64, 554.66; C66, 71, 73, 75, 77, 79, 81, §554.2610] 2009 Acts, ch 41, §263Referred to in §554.2709 Sat Dec 23 01:50:56 2023 Iowa Code 2024, Section 554.2610 (24, 0)
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