Nevada § 104A.2402 - Anticipatory repudiation
Full text of Nevada Nevada Revised Statutes § 104A.2402 — Anticipatory repudiation, with citation guidance and answers to common questions.
§ 104A.2402. Anticipatory repudiation
If either party repudiates a lease contract with respect to a performance not yet
due under the lease contract, the loss of which performance will substantially impair
the value of the lease contract to the other, the aggrieved party may: 1. For a commercially reasonable time, await retraction of repudiation and performance
by the repudiating party; 2. Make demand pursuant to NRS 104A.2401 and await assurance of future performance adequate under the circumstances of the
particular case; or 3. Resort to any right or remedy upon default under the lease contract or this Article,
even though the aggrieved party has notified the repudiating party that the aggrieved
party would await the repudiating party's performance and assurance and has urged
retraction. In addition, whether or not the aggrieved party is pursuing one of the foregoing remedies,
the aggrieved party may suspend performance or, if the aggrieved party is the lessor,
proceed in accordance with the provisions of this Article on the lessor's right to
identify goods to the lease contract notwithstanding default or to salvage unfinished
goods ( NRS 104A.2524 ).
Frequently Asked Questions About Nevada § 104A.2402
What does Nevada Revised Statutes § 104A.2402 cover?
Section 104A.2402 ("Anticipatory repudiation") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 104A.2402?
A common citation format is "Nevada Revised Statutes § 104A.2402" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 104A.2402 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.