                                 CODE OF VIRGINIA

COPY; REVOCATION OF ACCEPTANCE (§ 59.1-507.7)

a. A party that accepts a nonconforming tender of a copy may revoke acceptance
only if the nonconformity is a material breach of contract and the party
accepted it:

   1. on the reasonable assumption that the nonconformity would be cured, and the
   nonconformity was not seasonably cured;

   2. during a continuing effort by the party in breach at adjustment and cure,
   and the breach was not seasonably cured; or

   3. without discovery of the nonconformity, if acceptance was reasonably
   induced either by the other party&#8217;s assurances or by the difficulty of
   discovery before acceptance.

b. Revocation of acceptance is not effective until the revoking party notifies
the other party of the revocation.

c. Revocation of acceptance of a copy is precluded if:

   1. it does not occur within a reasonable time after the party attempting to
   revoke discovers or should have discovered the grounds for it;

   2. it occurs after a substantial change in condition not caused by defects in
   the information, such as after the party commingles the information in a
   manner that makes its return impossible; or

   3. the party attempting to revoke received a substantial benefit or value from
   the information, and the benefit or value cannot be returned.

d. A party that rightfully revokes has the same duties and is under the same
restrictions as if the party had refused tender of the copy.

HISTORY: 2000, cc. 101, 996.