New Jersey § 12a:2a-403
Full text of New Jersey New Jersey Statutes § 12a:2a-403, with citation guidance and answers to common questions.
§ 12a:2a-403.
(1) 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. (2) 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 12A:2A-401. (3) 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.
Frequently Asked Questions About New Jersey § 12a:2a-403
What does New Jersey Statutes § 12a:2a-403 cover?
Section 12a:2a-403 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:2a-403?
A common citation format is "New Jersey Statutes § 12a:2a-403" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:2a-403 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.