SECTION 672.616. Procedure on notice claiming excuse.
Latest version.
1(1) 2Where the buyer receives notification of a material or indefinite delay or an allocation justified under the preceding section he or she 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 chapter relating to breach of installment contracts (s. 62672.61263), then also as to the whole:70(a) 71Terminate and thereby discharge any unexecuted portion of the contract; or
82(b) 83Modify the contract by agreeing to take his or her available quota in substitution.
97(2) 98If after receipt of such notification from the seller the buyer fails so to modify the contract within a reasonable time not exceeding 30 days the contract lapses with respect to any deliveries affected.
132(3) 133The provisions of this section may not be negated by agreement except in so far as the seller has assumed a greater obligation under the preceding section.
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