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 aggrieved party may

a.  for a commercially reasonable time await performance by the repudiating party; or

b.  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 the latter's performance and has urged retraction; and

c.  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 the contract notwithstanding breach or to salvage unfinished goods (section 554.2704).

Section History: Early form

  [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]

Internal References

  Referred to in § 554.2709


Previous Section 554.2609

Next Section 554.2611


Return To Home index


© 1999 Cornell College and League of Women Voters of Iowa


Comments about this site or page? webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Thu Mar 18 15:00:31 CST 1999
URL: /DOCS/IACODE/1999/554/2610.html
jhf