Louisville Kentucky Demand for Acknowledgment of Shipping Dates
Category:
State:
Multi-State
City:
Louisville
Control #:
US-03009BG
Format:
Word;
Rich Text
Instant download
Description
Section 2-609 of the Uniform Commercial Code states in part:
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.
