New Jersey § 12a:2-609

§ 12a:2-609.

(1) A contract for sale imposes an obligation on each party that the other's expectation

of receiving due performance will not be impaired. When reasonable grounds for insecurity arise with respect to the performance of

either party the other may in writing demand adequate assurance of due performance

and until he receives such assurance may if commercially reasonable suspend any performance

for which he has not already received the agreed return. (2) Between merchants the reasonableness of grounds for insecurity and the adequacy

of any assurance offered shall be determined according to commercial standards. (3) Acceptance of any improper delivery or payment does not prejudice the aggrieved

party's right to demand adequate assurance of future performance. (4) After receipt of a justified demand failure to provide within a reasonable time

not exceeding thirty days such assurance of due performance as is adequate under the

circumstances of the particular case is a repudiation of the contract.