Section 2-609(1) of the Uniform Commercial Code provides:
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.
A Michigan Notice of Objection Regarding Late Performance in Delivery of Goods and Demand Assurance is a formal document used to express dissatisfaction with a party that fails to deliver goods on time and to demand assurance for future performance. This legal notice serves as a means for the complaining party to protect their rights and seek resolution for non-compliance. In Michigan, there may be different types of Notice of Objection Regarding Late Performance in Delivery of Goods and Demand Assurance, including: 1. General Notice of Objection: This type of notice is used when there is a delay in the delivery of goods without any specific contractual terms or conditions applicable. It serves as a preliminary step to inform the defaulting party about the objection and seek prompt resolution. 2. Notice of Objection based on Contractual Terms: When the delivery of goods is regulated by a contract, this notice type highlights the specific contractual provisions that have been violated due to the defaulting party's late performance. It ensures that the defaulting party is made aware of the discrepancies and provides an opportunity to rectify them. 3. Notice of Objection and Demand for Assurance: This notice goes beyond expressing dissatisfaction regarding late delivery and invokes the right to demand future assurance of performance. The issuing party expects the defaulting party to guarantee that future deliveries will be made on time as per the agreed-upon terms. Keywords: Michigan, Notice of Objection, Late Performance, Delivery of Goods, Demand Assurance, Dissatisfaction, Non-compliance, Rights, Resolution, Contractual Terms, Violation, Rectification, Demand for Assurance.A Michigan Notice of Objection Regarding Late Performance in Delivery of Goods and Demand Assurance is a formal document used to express dissatisfaction with a party that fails to deliver goods on time and to demand assurance for future performance. This legal notice serves as a means for the complaining party to protect their rights and seek resolution for non-compliance. In Michigan, there may be different types of Notice of Objection Regarding Late Performance in Delivery of Goods and Demand Assurance, including: 1. General Notice of Objection: This type of notice is used when there is a delay in the delivery of goods without any specific contractual terms or conditions applicable. It serves as a preliminary step to inform the defaulting party about the objection and seek prompt resolution. 2. Notice of Objection based on Contractual Terms: When the delivery of goods is regulated by a contract, this notice type highlights the specific contractual provisions that have been violated due to the defaulting party's late performance. It ensures that the defaulting party is made aware of the discrepancies and provides an opportunity to rectify them. 3. Notice of Objection and Demand for Assurance: This notice goes beyond expressing dissatisfaction regarding late delivery and invokes the right to demand future assurance of performance. The issuing party expects the defaulting party to guarantee that future deliveries will be made on time as per the agreed-upon terms. Keywords: Michigan, Notice of Objection, Late Performance, Delivery of Goods, Demand Assurance, Dissatisfaction, Non-compliance, Rights, Resolution, Contractual Terms, Violation, Rectification, Demand for Assurance.
