☰ Revisor of Missouri

Title XXVI TRADE AND COMMERCE

Chapter 400

< > Effective - 28 Aug 1963    bottom

  400.2-616.  Procedure on notice claiming excuse. — (1)  Where the buyer receives notification of a material or indefinite delay or an allocation justified under section 400.2-615 he may by written notification to the seller as to any delivery concerned, and where the prospective deficiency substantially impairs the value of the whole contract under the provisions of this article relating to breach of installment contracts (section 400.2-612), then also as to the whole,

  (a)  terminate and thereby discharge any unexecuted portion of the contract; or

  (b)  modify the contract by agreeing to take his available quota in substitution.

  (2)  If after receipt of such notification from the seller the buyer fails so to modify the contract within a reasonable time not exceeding thirty days the contract lapses with respect to any deliveries affected.

  (3)  The provisions of this section may not be negated by agreement except in so far as the seller has assumed a greater obligation under section 400.2-615.

­­--------

(L. 1963 p. 503 § 2-616)


---- end of effective  28 Aug 1963 ----

use this link to bookmark section  400.2-616


Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House