We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
Accept

Connecticut Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement

Category:
Contracts - Notices
State:
Multi-State
Control #:
US-02453BG
Format:
Word; 
PDF; 
Rich Text
Instant download
Buy now

Description

Section 2-609 of the Uniform Commercial Code provides:

(1) 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.

(2) Between merchants the reasonableness of grounds for insecurity and the adequacy of any assurance offered shall be determined according to commercial standards.

(3) Acceptance of any improper delivery or payment does not prejudice the aggrieved party's right to demand adequate assurance of future performance.

(4) After receipt of a justified demand failure to provide within a reasonable time not exceeding thirty days such assurance of due performance as is adequate under the circumstances of the particular case is a repudiation of the contract.

Related forms

form-preview
North Dakota Declaration of Trust

North Dakota Declaration of Trust

View this form
form-preview
Ohio Declaration of Trust

Ohio Declaration of Trust

View this form
form-preview
Oklahoma Declaration of Trust

Oklahoma Declaration of Trust

View this form
form-preview
Oregon Declaration of Trust

Oregon Declaration of Trust

View this form
form-preview
Pennsylvania Declaration of Trust

Pennsylvania Declaration of Trust

View this form

Viewed forms

Application For Registration of Unincorpor...

Application For Registration of Unincorporated Association Name

View this form
form-preview
Change Amount of Authorized Shares - Resol...

Change Amount of Authorized Shares - Resolution Form - Corporate Resolutions

View this form
form-preview
Funeral Agreement with Authorization to Pr...

Funeral Agreement with Authorization to Prepare a Decedent for Burial and a Guaranty of Payment

View this form
form-preview
Pledge of Personal Property as Collateral ...

Pledge of Personal Property as Collateral Security

View this form
form-preview
Factoring Agreement

Factoring Agreement

View this form
form-preview
Bylaws for Corporation

Bylaws for Corporation

View this form
form-preview
Hepatitis B Vaccine Acceptance Declination...

Hepatitis B Vaccine Acceptance Declination Form

View this form
form-preview
Agreement for the Partition and Division o...

Agreement for the Partition and Division of Real Property

View this form
form-preview
Project Team

Project Team

View this form
form-preview
Arbitration Agreement

Arbitration Agreement

View this form

How to fill out Notice Of Demand For Assurance Of Performance Due To Delegation Of Performance Of Agreement?

US Legal Forms - one of the largest repositories of legal documents in the United States - offers a variety of legal form templates that you can download or print.

By using the website, you can access numerous forms for both business and personal use, categorized by types, states, or keywords. You can quickly find the latest forms such as the Connecticut Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement in seconds.

If you already possess a membership, Log In and download the Connecticut Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement from the US Legal Forms library. The Download button will appear on every form you view. You can access all previously downloaded forms in the My documents section of your account.

Make modifications. Fill in, edit, print, and sign the downloaded Connecticut Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement.

Each template you add to your account has no expiration date and is yours indefinitely. So, if you wish to download or print another copy, simply go to the My documents area and click on the form you want. Gain access to the Connecticut Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement with US Legal Forms, the most extensive collection of legal document templates. Utilize a vast range of professional and state-specific templates that meet your business or personal needs.

  1. To utilize US Legal Forms for the first time, follow these simple steps.
  2. Ensure you have chosen the correct form for your region/area. Click the Review button to examine the form's details. Read the form description to confirm that you have selected the correct form.
  3. If the form does not suit your needs, use the Search field at the top of the screen to find one that does.
  4. Once satisfied with the form, confirm your selection by clicking the Get now button. Then, select the pricing plan you wish and provide your details to register on an account.
  5. Complete the transaction. Use your credit card or PayPal account to finalize the purchase.
  6. Select the format and download the form onto your device.

Form popularity

FAQ

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.

The most common example of the non-delegable or non-assignable nature of a personal service contract is that of a famous opera singer who has contracted with an opera to perform. She cannot assign her contractual duty to another singer because the nature of the services is unique and personal.

The doctrine of adequate assurance allows a contract party with reasonable grounds to believe that its counterparty will be unable to perform, to demand that the counterparty provide adequate assurances that the counterparty will perform its contractual obligations.

Overview. The non-delegation doctrine is a principle in administrative law that Congress cannot delegate its legislative powers to other entities. This prohibition typically involves Congress delegating its powers to administrative agencies or to private organizations.

Adequate Assurance of Performance means sufficient security in the form, amount, for a term, and from an issuer, all as reasonably acceptable to X, including, but not limited to cash, a standby irrevocable letter of credit, a prepayment, a security interest in an asset or guaranty.

Responsibility and accountability can not be delegated to the employees by their direct superiors.

One of the disadvantages of delegation is giving an employee too many tasks to complete. If you place too much of a burden on your employee's shoulders, that employee may stop viewing himself as a trusted employee and start viewing himself as an abused employee.

Delegation is prohibited if: It would significantly alter the nature of the original agreement. It is stated in the contract that delegation is not allowed. The sole purpose is to repay a debt.

The insecure buyer can demand adequate assurances of future performance under Section 2-609 of the Uniform Commercial Code ( UCC) if it has reasonable grounds to be insecure about the seller's ability or willingness to comply with the terms of the contract.

UCC § 2-609(3). Under the UCC, a demand for adequate assurance must be made in writing. UCC A§ 2-609.

Connecticut Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement Related Searches

  • contracts for the sale of goods are not covered by the uniform commercial code.
  • by definition, a sale under article 2 of the ucc requires
  • under the uniform commercial code (ucc), what is the only required term for a valid sales contract?
  • ucc 2-708
  • under the uniform commercial code (ucc), items are _____ if they exist physically.
  • ucc 2-403
  • a contract cannot provide for its termination after a certain period of time.
  • ucc 2-314
  • demand for adequate assurance letter example
  • adequate assurance of performance

Trusted and secure by over 3 million people of the world’s leading companies

Connecticut Notice of Demand for Assurance of Performance Due to Delegation of Performance of Agreement
Buy now