The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. Where the buyer receives notification of a material or indefinite delay or an allocation justified under section 47-2615 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 chapter relating to breach of installment contracts (section 47-2612), then also as to the whole:
1. Terminate and thereby discharge any unexecuted portion of the contract; or
2. Modify the contract by agreeing to take his available quota in substitution.
B. 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.
C. The provisions of this section may not be negated by agreement except in so far as the seller has assumed a greater obligation under section 47-2615.