Selected Cases by Article & Issues
(1) The seller may fix an additional period of time of reasonable length for performance by the buyer of his obligations.
(2) Unless the seller has received notice from the buyer that he will not perform within the period so fixed, the seller may not, during that period, resort to any remedy for breach of contract. However, the seller is not deprived thereby of any right he may have to claim damages for delay in performance.
|1||Seller fixing additional time for performance by buyer||4|
|1.1||Scope of provision|
|1.2||Reasonable length of additional time||3|
|1.3||Consequence of fixing additional time||1|
|1.3.1||During additional time, seller not entitled to resort to remedy for breach of contract||1|
|22.214.171.124||Notice of non-performance by buyer|
|1.3.2||Upon expiration of additional time||2|
|126.96.36.199||Seller entitled to claim damages for delay in performance|
|188.8.131.52||In case of failure to pay price or to take delivery of goods, seller entitled to avoid (terminate) contract upon expiration of additional time||7|