                                 CODE OF VIRGINIA

RETRACTION OF ANTICIPATORY REPUDIATION (§ 8.2-611)

1. Until the repudiating party&#8217;s next performance is due he can retract
his repudiation unless the aggrieved party has since the repudiation cancelled
or materially changed his position or otherwise indicated that he considers the
repudiation final.

2. Retraction may be by any method which clearly indicates to the aggrieved
party that the repudiating party intends to perform, but must include any
assurance justifiably demanded under the provisions of this title (&#xA7;
8.2-609).

3. Retraction reinstates the repudiating party&#8217;s rights under the contract
with due excuse and allowance to the aggrieved party for any delay occasioned by
the repudiation.

HISTORY: 1964, c. 219.