Albuquerque New Mexico Aviso de demanda de garantía de cumplimiento debido a la delegación de cumplimiento del contrato - Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement

Category:
State:
Multi-State
City:
Albuquerque
Control #:
US-02453BG
Format:
Word
Instant download

Description

Section 2-609 of the Uniform Commercial Code provides:

(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.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.

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Albuquerque New Mexico Aviso de demanda de garantía de cumplimiento debido a la delegación de cumplimiento del contrato