2-616 - Procedure on Notice Claiming Excuse.

Section 2--616. Procedure on Notice Claiming Excuse.    (1)  Where the buyer receives notification of a material or indefinite  delay or an allocation justified under the preceding section he  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 Article relating to breach  of installment contracts (Section 2--612), then also as to the whole,         (a) terminate and thereby discharge any unexecuted portion of the             contract; or         (b) modify the contract by agreeing to take his  available  quota             in substitution.    (2)  If  after  receipt of such notification from the seller the buyer  fails so to modify the contract within a reasonable time  not  exceeding  thirty days the contract lapses with respect to any deliveries affected.    (3)  The  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.