Q QQ QQ UCC 2 609 QQQ UCC 2 609 QQQQQ

,+1
ῌῌ
!"#$%&ῌῌ
ῌ
!"#$῍῍%&'()*#+῍῍
,-.
%&'()/01234
5 %&'()6789:;<
ABCDEFGHIJ) ῍Right to Adequate Assurance
of Performance῎ =>834῍῍UCC῏ ῍ ῌ῎ῌ῏*?@῍῍
,-.
EFGHIJ)KL
5 EFGHIJ)=>MN῍῍UCC῏ ῍ ῌ῎ῌ῏OPMN
῍QRSTῌ UV῎
W EFGHIJ)34
X US8.
Y Z
U[S8.
\]^8_`/09:;<
5 Yabcd῍῍efghi
,+2 £¤¥¦§¨ῒῐ© ῎ ª ῎῎ῌ῍ῐ῏
ῌ !"#$%
&'()*+,-./ ῎0123῏ 4567*89-5:4;
῎῍῏
<-῍ =<>ῌ 01?=<.@ A !"BC-*
DE4FG,*#Hῌ I$JKLM()N<῍ =#=ῌ
OP*4QR*SLῌ TU#$VM4WX
M=YZ()N<[\Gῌ ]7*SL
῎῎῏
^_=`ab-`[-#><Mcd`-()N<Mef[\*῍
῎῏῏
gh[ῌ i*jkl4QR*SLm?+>
ῌ ]7*SLno9-()*+,->
N*Mpq`rP*῍ =#=ῌ 01234Js7*<Q !
"BC-*tu4vw,*#M><xy#$SLῌ z{ab
-()-+,|)*῍
jkl+)}ῌ ~"ῌ ~€"#$
jk4~€%_*`M=‚ῌ 4Jƒ7*eM[N
῎ῐ῏
*῍ =#=ῌ „…9ῌ jklM-*~€"
jk†|4‡ˆ‰Š=*.@#ῌ \*‹-ŒM`Ž
῎ῑ῏
#$jk†|‡‘)*.@[\*M()*῍ =<>
ῌ ~€"jk†|4‡ˆ=-’U~€0
“z)*M,+,-23ῌ jkl”•u#)*e
MM-Gῌ –ῌ 0123\*~"4Jƒ7*eM[
N-eMM-*῍ e+,-./ῌ ~"BC-*tu4vw
,*[\f,#῍
—ῌ ~"C˜tu4`vw™_ῌ ~€"šU=~€%
›œ?=#$ž4ŸQ,* ¡-M7)}ῌ ~"¢
Fe0´µ¹œ5º ῎œ῏ ῎»¼῏ ,+3
῍ ῌ !"#$%ῌ &'()*+,-.
/012,34,56789῍
:;7ῌ ῌ *+,<4=>
?@A<B,6<>῍ >90?ῌ 0,CD
*+,-.ῌ EFG0HIJ,KL>9
MNῌ FOῌ ῎*+P6῏ 4QRQST,?
<U<VW<Xῌ Y4,<U<>MNZ[H\IJ]^,
_`4<ab<>)7῍
cdFefg4<40h9<ijῌ k
l;0IJmnop<>qr0H\IJ0st\uv7wx
>>6῍ y8ῌ kl;0IJmnop<>qr0H\IJ
0st\uv7>944zῌ >9_{0|}7
p`῍ z97<Wῌ cdFeQ
ῌ ,~ῌ \uv<,uvl€,‚ƒ„7
p`ῌ z0h9<l€…†<?0‡ˆ>0_
{<῍
&‰Š ‹Œ0Žῌ;
‘0h9<_{o’“”„ῌ |•7ῌ ῐcdFe
῎ ῌ a῏
…†<12,39~ƒ„ῑ ,‹Œ–{—˜῍ J
™Žš0›a῍
ˆX&œ›>ῌ IJ#ž0IJmnCŸ -.EIJ#
ž0#¡,¢a£9¤¥`¦›>?§¨!©ª<«™¬­U
„\®0¯°=>ῌ z0«™,v‚῍ 40±²,³
ῌ \®0¯°IJ#ž0IJmnChd´µU6<>
Fe0´µd¶0·¥¸0=>‹Œ,P
,,* ¯°±T„²³ῐ῏´ ῎ µ ῎῎ῌ῍῏῏
ῌ ῍ !ῌ "#$%&'()*+,-./01'234
56'78
9:;;<ῌ =>
?@*ABC :῍
D +ῌ ,-./01'E;*234+FG:HI
J@<K
L9:M῍ N'O;*+ῌ PQRS,-T'EUVW7XY
Z&[\ῌ]^_`
abU'()*cd
efg;῍
hi+j=>'kῌ PQRS,-Tlῌ ,-./01'234
+ῌ VW7XYZ&
m;'()*./n01
o2`pq^
9῍ rstp
ug:;vw')*+ῌ (<:
VW7XYZ&;<tpcd'+x;:;῍ D
+ῌ y'E;*ῌ VW7XYZ&PQRS,-T'zmC {
|}E(~Dj]^
afῌ D€j'‚FG:ƒ
ῌ PQRS,-T„'E;*FG'…U†‡ gM'O;*=
>῍ (<:ˆ‰+ῌ rstp
vw'E;*ƒ…Šf<M
'O;*=>'g)*‹Œˆ‰f*Ž;
uOƒ
῍
ƒ)ƒῌ DƒDƒ:PQRS,-T‘C ’!:‡:;M;
<N'O;*+ῌ “”•–
—˜<῍ {™ῌ PQRS,-T'E
UVW7XYZ&+ῌ š›œžlŸ 'B‡ *9gtp;<v
U+:¡ῌ PQRS ¢3T£ ῎Uniform Commercial Code : UCC῏
῎ῐ῏
'()*¤*PQRS,-T'zmC gƒ῍ D ¥'ῌ VW7
XYZ&(<:tp¦['§)g|}Mῌ D€¨'
‚M;)gN
=>g'+ῌ {™ƒ)*PQRS,-T'
EU©ῌ vU UCC 'EUVW7XYZ&zm_`'EU©
‘C :U !:‡:;;῍ C‡'ῌ {'ƒª«C *
9g(<'ῌ PQRS,-T„'E;*+ῌ ,-./01
¬­®ῌ„
*+9:;<
·¸‰¹ºU¢» ῏Uῐ ῏¼½ῐ ,,+
ῌ ῏ῑῐ
!"#$%῍ &ῌ '$(ῌ )
῏ῒῐ
*+,- ./01234&%῍ 56ῌ )*+,-ῌ
7)8*+9:;<2=>?῏ῌ @A ῏7BCAῐ DE
῏ΐῐ
FG*+,-012H8%7%I῍ 'J;<
ῌ D
EFG*+,K8*+9:;<LMN2OP'7ῌ )
K8?῏2QR#S
TUVWX
7Y)$῍ Z[
῍\](ῌ ^_DEFG*+,2`a,bc7&dV&Te
῍
fgῌ ^_hiK%ῌ DEFG*+,OP2jkl($Tmn
7)op῏7Aq5%rst῏2tN῍
uUv )K8*+9:;<Lbw
ῌῌxyz{|2bcῌῌ
uU} k=
'$6e)-K%ῌ *+9:~5%`a€?
῏2‚ƒ&BT7#$ῌ %)„xyz{|?῏e
῏῍ῌῐ
῍
xyz{|7ῌ …†ῌ ῑgῌ‡ˆB‰Š‹;Œῌ *+
hgŽR&T7Bῌ ῌ‡X‰ῌ ‘’ῌ‡2“”&l
῏῍῍ῐ
7%J,῍ῒ 7VX#$῍ )•,–xyz{|—˜
™V2šT%ῌ ›,œK%xyz{|῎œž
῏῍῎ῐ
™V#$Kῌ 6Tῌ ,œ ῎™VŸ
῏῍῏ῐ
῍ )-ῌ '$(›,œ2¡¢&55ῌ `a£¤
](xyz{|?῏2&BT῍ ¥¦eῌ xyz{|2
—˜™Ve •,–[V=ˆBe
7§¨© ªm#$
῏῍ῐῐ
«%῍ &]&ῌ xyz{|&ῌ gNJῌ -K
%¬῎­®D¯°
±o²³#$Kῌ ›´µ¶& ,,, ³´µz¶·wῑ῏¸ ῎ ¹ ῎῎ῌ῍῏῏
῍
ῌ ῌ !"#$
%&'()*+,-./0123
4
56῍ 789ῌ :;<=>?@A ῌ !"#
$%&ῌ BCD-EFGH*ῌ %CD-E
'()IJK9LM*N8I8
OP-Q01
34
56῍ RS=>?@A ῌ '()*+,./ *K9LM*N8T8 UV
0W
34
56ῌ X+Y5ῌ =>?@A ῌ SN!
"*OZ[0W-\]^56
_῍ X75`5 ῌ a*b
c=>?@Ade78S5fg-hῌ Xij-klm
5ῌ =>?@A*!"OZno6FGHpqrs^teI
Ruve7
e῍
wxy =>?@Adez{|}
`ῌ a*~ ῌ =>?@Ade€‚ῌ
!"*OZ[01cFGH&dƒR„€…῍ 78 ῌ †~„J8ῌ '()‡ˆn‰
Š[-‹ŒŽG
e‘€‚ῌ '()‡ˆn‰*Š[
01 ’)FGH*BCD-E“0156X
B-e7
*5‘€*ῌ ”~•–s
῎῍ῐ῏
—˜N87
$™56῍ I*Jῌ X%z{ ῌ š
ib]-›œRRῌ =>?@Adežg*|}N8
῍
w’Ÿ fg ¡ῌῌ¢£¤¥¦§
a*b ῌ ”~]%S¨©ª«~¬­-®c
῎῍ῑ῏
z{*|}N8ῌ a¯z{°®*±῍ X’²
a*bz
‡ˆ·¸f¹/YZ[\](&º» ῎&῏ ῎¼½῏ ,,-
ῌ ῐῑ ῍ ῌ !"#$%ῌ &' ῎()
*&+῏ ,-./῍ 01ῌ ,23!"#$%4567ῌ 4
56
89:;
<
῍
=>?@A23,-.ῌ B
C
῎῍ῒ῏
ῌ DEFGHI/῍ DEHI7ῌ ,-.
῎῍ΐ῏
(
8ῌ 8JKL
ῌ =>?@A῏῎῍M,
῎῍῔῏
-.῍ DEHINOῌ @AP7ῌ =>?@A
7Q)Rῌ S
TUVWX(YZ[\](^_`῍ 4ῌ a
bcdefghLijklm3n)opqrs7ῌ
STUVZ7ῌ tuvVTwx2abcklT y
(z*ῌ {abc|nT}~j8T#$%
T(|ῌ /7abc|n}~zxtnvVT)
abc€‚{@Aῑῐ῍Mƒ„…†|n‡ˆ‰
῎῎ῌ῏
Š()‹cAN;tu[\<(Œ)῍ |)nῌ N<)rs/;ῌ ῐ@A{ῌ ŽU‘’N“
῎῎῍῏
”•(–—˜ῑ /Rῌ ῐ
+(
N“ῌ
῎῎῎῏
™rsš›@A
8)œžnῑ <῍
{ῌ ŸTUVZ 4¡(
)N;ŸT
UVZdefghLῌ œῌ ŸTUVkl“T¢£
)
¤¥N<)rs“ῌ ῐŽU{ῌ abc
7tu¦§(¨kljX[©(|ῌ ª7«T¬©
rs­SklUVT}~(%®¯w4ῌ °n±rs
῎῎῏῏
7²³74ῌ ´8T#$%­[wµ¨ῑ /
<῍ ῌ Ÿ,23!"#$%](6'
­
N<῍ N<)ῌ DEHIN;¬¶ ῐ
,,. ·¸¹zº»+ῑ῏¼ ῎ ½ ῎῎ῌ῍῏῏
ῑ ῌ ῎῎῏῏
ῌ
!"#$%&'()*῍
+,- $./0*12ῌῌ3412
5634789:;' ῐ<=>?
ῑ ῌ @ABC$'8ῌ D0*E0FGHIJKL'I(
G῍ IJMN;'OPῌ Q@./"G
12RS;'()*῍
TUῌ V347Uῌ W
X*YZ[D\78
W]O<^_`aL0bcd
e0*()*ῌ ῐO<^
f g ] h i a L 0 b c d j k l m h Y a L d ῎Vorleistungspflicht῏ $nopqῌ rr*_`aLs0bctGuῌ hYa
῎῎ῐ῏
Ld
^_`Y$vw*$0*ῑ῍ Z(ῌ xyJ
z{ῌ ]O<^|}~€''‚aLƒ„
0*8'7Gpqῌ …]O<^†‡r%($L0*
7Gˆ/s0*ῌ IJ‰z7Gˆ/$Š*
()*r‡ῌ ῐ‹‰z2Œ"G*QŽ$.
῎῎ῑ῏
0bc‘UG‡Gῑ ῍ ῌ ῐr7Gῌ ’“”
•–z—˜Z™Ž™()H*7G$ῌ š›œdžŸ
¡¢£ˆ/Gu‚*Qῌ ¤"2Œ;*
bc()*r‡ῌ I‰z2Œῌ '¥hYd
$n¦'^
'Tfg]|}€§@aLƒ„s0*¨iῌ ©ª
aL@0*«¬G*¦­Gu®¯aL$GUG‡Gp
῎῎ῒ῏
῎῎ΐ῏
)*Q$ῌ vw*$T®ῑ ῍
8ῌ 34ῌ 2Œ
$./'ῌ
z°±$²ῌ ³´µ¶;T'῍ 0GIkῌ
‹‰z2Œ
7G./;w*$TG
^_‡ˆ¸¹Vefghº*D3» ῎D῏ ῎¼½῏ ,,/
ῌ ῌ ῐ !"ΐ!῕# ῒ$%&'ΐ ()*+
῎῎ῐ῏
,῏-(.#/ῑ ῍
ῌ ῍01234$%&'ῌ 56
78῍ ῍012ῌ 9:ῌ $%&'῏;"<=>
?>#ῌ @A+῍ *BCῌ ῐDῌ EFG
HIJK56LMN(῏*O>Pῌ QEFGH
῎῏ῌ῏
IJK56RS(῏*O>ῑῌ ῍ Tῌ
UD>"ῌ ῐVWPX*HIYZ[\]^_`ab
῎῏῍῏
cdM#HIJK\]RVefghi῏ῑ cῌ ῐjklmnof(pgh*+)#qrs !tuv
5wῌ EFGHI^_`aJK#(῏**(x
῎῏῎῏
yV3zῑ ῍ @ῌ U?>"ῌ {|}O
~NRS*34Gῌ P€w‚lmƒ„'EFG
…†YHIJK
‡ˆK‰Š‹ŒP*
34G?"PŽ#4ῌ ῐEFGHIJK(IO
‘’4“”*ῌ jklmnoflm•–'ˆ—‹˜
῎῏῏῏
™š\]uk›#/œῑ cῌ af34+
῍
ῌ ῍012ῌ $%&'”"34G?"P
Ž*῍ *BCῌ jῒknofῌ EFGžῒk*89
Ÿš g(¡῎*9¢£lm(•–#‹934
GD"῍ D"ῌ jῒknofῌ lm•–'¤4D῏
;¥^_¦§'(.c*34GŽ*
῍ Tῌ ῐjklmnoflm•–'(ῌ*¨9Œῌ ©
ghῌ ¢£lm(῔ª#EFGῒk«¬(­"®¯°:ῌ
EFG±oῒk²ῐa³ῑ*\]ῌ ´µ²´¶·
,,0 ³´µ7X¶·‡ῑῐ¸ ῎ ¹ ῏῎ῌ῍ῐῐ
῏῏ῐῐ
ῑ ῌ !"#$%&'῍
()(ῌ *+,-./0123ῌ %45$(
6738($%)9῍ -./0ῌ :7;8<=9>?@
ῌ ABCDEFGCHI>JK3LM*N
ῌ OPQJK$%RQ$%)9῍
*?@-./0STUVῌ WXYZ>ῌ :7;8
[\<=9>JK38]^H_`V@
abcd+ῌ efgJ&'d+*)9῍ Whῌ ij
XY
kῌ JK38LM,+>-./0
?lmnopqd+9(>r῍ Wstῌ 1
f῎gJ&'d+99Mῌ Wuvwxyz9>(
)>({|$%῍ W*$}~$ῌ *+,gJ€ῌ‚ƒ
ῌ „…XYZVuv†L*῍
‡ˆ~ XY‰Š
„…XY8ῌ 1&3‹,+9ῌ }
Œ$%῍ „ῌ ῏ ῍ ῐ :7;8[\<=9>
ῌ ]^JK38H_`V*$a῍ ῏ ῎ ῐ LM,+9MŽῌ ]^(M,+a῍ ῏ ῏ ῐ
LM,+9‘’ῌ W]^(“r,+
aῌ ˆŒ$%῍ d,ῌ ῏ ῎ ῐ Œ”>ῌ ῏ ῎ ῌ ῍ ῐ LM,+9MŽ]^{•–d+>aῌ
59 ῏ ῎ ῌ ῎ ῐ W?@{•>”—‹9*Žaῌ ˜Œ™
V‚ƒ*š›$%῍ W*$œZ>(ῌ ž8ŸŒ ¡r¢£¤M*῍
‡¥¦ §¨p©ª«gJ
§¨p©ª«ῌ ¬­®¯°{ ?±²Q’PHI>
9:´µº5
²yžŸIN
Oˆ» ῎O῏ ῎¼½῏ ,,1
῍ ῌ ῐ
!ῌ "#$%&'( )*+,ῌ -./-
01234 56!7
89:;<=>5
?@A
BCD6!ῌ 89:EFG/HIJKL MN
OPQ
RSTCUV!+WX>5Yῌ CZ[M MN
QR\]^
_`ab>5
cdUe
>ῌ #$fg^7!,ῌ [hij
abkjl7*+^7!mῌ njX"op
῎ῌ῍῏
῎ῌ῎῏
cd
+a5
mqrse
ῑ 7M῍
[e>,ῌ tuv
*+ῌ wxl
yz5e{"#
$%&'(
)m|Hse
>5}MC῍ tTZ7!
,ῌ ~ῌ€‚ῌ [ƒ„…†#$῍‡ˆ
ῌ ZZῌ ῐ-ῌ [῎‰ῌ Š‹Œ
῎ῌ῏῏
^7!OPQRSŽG[Œl Dl7tῑ m6!
3‘…’“se
7M῍ ”)ῌ ,ῌ
•– m9:—˜™š)m>5
•,l7se
῍ 7Mmῌ
›op3 ! ῐ9:—˜ῑ œdUe
N
ῌ 9:—˜@῎lm>56
)*+^
"žŸ,ῌ ¡¢£¤¥l7 ¦§¢
£Q€ 6!¨Ue
tl
t}ῌ 9:—˜@©ª !7)C[em9:—˜™š)C6
!"žŸ«¬­
t+W…,¤7ˆDUe
)d
῎ῌῐ῏
>5
῍
,sUῌ op¥®Z7!ῌ ¯M7M῍ Nl
°±ῌ ²y³nj+ae{ῌ op,ῌ 9:´µ
)*+89:EFXl/HIJKLN
)dῌ "
῎ῌῑ῏
ῐ¶žXa·VL6)¸¹ῑ cd
m>5
῍
)6!ῌ
²yqrXlab !,ῌ ῐ"¶ž%&l "¸
,,2 «¬­™®¯°Fῑῐ± ῎ › ῎῎ῌ῍ῐ῏
῎ῐῌ῏
ῑ ῌ !"#$%&'()*+,-./$
0ῌ ῍ 12ῌ '()*+,3456789:;<
῎ῐ῍῏
-=>0?@A;BCD-0E῍
FGH IJKLMN;
IJKLMῌ O45678P-Q6RS67T
UV0'(
)*&UWX-῍ IJLMP-ῌ ῐYZ[\]^45
&_X-`Eab$Qcd-ῌ 9:be8==-Q
῎ῐ῎῏
c&f$g$$0Q6RS67&hEῑ῍ iῌ '()*?ῌ
jklX-YZ[B-8m]n-0E῍ B
$opῌ ῐ7845B-8qr&s$067&hE
῎ῐ῏῏
ῌ tuv[==-67
B-?45w!-ῑῌ
῍
$lῌ ῐtuv[ῑ ῌ 9:xyOz{2?-&
/B-gῌ 9:xy|}tu~€vg2‚ῌ
'()*$ƒῌ „…P-†+$0‡ˆP-‰@Š‹$
῎ῐῐ῏
-;BCD-0E῍
IJLMῌ O45678tu~v[O45678Œ
eŽUVƒ?-./$02ῌ '()*+,O45
678q‘’“1?”=-oX$00E῍ ?g
?ῌ 345678O45678tu~v[• !"#
&–-;B-‚ῌ 345678ῌ O45678' !&—
Žῌ ˜™῍῏ῒš ῏ ›UV0O45678q‘&’“œ
E-$-ῌ PE$Œy;ž20?0E῍
FŸH ¡¢£¤N;
¡¢£¤ῌ '()*&ῌ ¥79:lX-¦§¨©$0ª§
\]qr€¹!ˆ{cºU»#¼ ῎»῏ ῎(½῏ ,,3
῍ ῌ !"#$%"&'ῌ ῐ& ῒΐ ()"*+ῌ ,
-.
/&".012%34ῌ 56789":.;
%<34 =>?@ABC"/C&"D ED%
/῍ FG+ῌ HI,-JKLMNO2%+/HIPῌQR
"/C,-ST῍UVW%῍ **ῌ HXHI,-JKLY
PZ%+/"/$ῌ [\]^P_Nῌ FG+`a2%b /῍ cJK=ῌ HI,-JKL
῎ῌ῍῏
"HXῌ &[\]dbeUV% !ῑῌ "῍
fghF%iῌ jkJKLlm"*+ῌ [\]dbeP
UV
/*^P.n2%ῌ 5opL.qrO&".s
l !tῌ u>% vw !"/C῍ x$+ῌ 5opLBqrO
y*z{|B},-c~€‚Oƒ„sl
/"/
C῍ "/C=ῌ ῐ,-8…db^P†‡;ῌ ˆ{c‰Šῌ‹Œ
F,-ῌŽ;ῌ ,-j{‘’“”•"*+Z%{|=ῌ 5
opLBqrO2yῌ –.-%?@AB—X2y"/
῎ῌ῎῏
C˜ ῌ ~€‚O"™š
/ῑ "#$%<z !῍
D<ῌ fghF%iῌ ῐjkJKL ῒJKLΐ "›z+dœῌ -UV.
/34=”•
tCop
›/ž
ῒŸ ¡¢£¤
¥¦ΐ U*+ῌ §*',-¨©
›"U῍2y
.ῌ
,-8…ªj,-”•"*+῎X%"/C.ῌ «῎¬­®
῎ῌ῏῏
!ῑ "2%῍ "/C=ῌ ¯­jkJKLU῍*+῎X%+œ
<"&'opL”• !G<tῌ \]`°L”• !G<t
ῌ jkJKL.”•"
/3±d/+=”•"
tC=
!tῌ >²³ jkJKL´µ,-¨©L"&%Ÿ ¡¢£¤
῎ῌῐ῏
¥¦" ´¶Bš<z !῍ &·`ῌ jkJKLB[\
]dbePUV= !"&'ῌ ῐJKLB¸$Ÿ ,-* µ¶·¸¹º»Tῒῐ¼ ῎ ½ ῎῎ῌ῍ῐ῏
῍
!"#$%&'()*+#,-
ῌ
῎ῐΐ῏
.&'/0123ῑῌ 1῍ 435ῌ 6789:ῌ ῐ;<=>1ῌ ?@A(B85C
DE-
Fῌ G9HIJKῌ LMNO'PFQR
῎ῑῌ῏
῎ῑ῍῏
-ῑ S9-R-῍
TUV WX
YZ[\67
WX
YZ[\ῌ ]F^+#_`S9#a
bcd?
῎ῑ῎῏ ῎ῑ῏῏
@Aefgh"a(ijAkl"ῌ 9ῌ mF(S9
-Rb11Cnopqrs-1tu7vIN
O'P-῍ ]wῌ opqFxymz{-|ῌ G9F}~(
4R9ῌ €~(4R9ῌ G
‚n
"ƒyqFmIƒy(-Rb11„…"rF†*
-
bῌ ῐ‡p85‚n ῎ƒyq῏ F$+#ƒy
("ˆ9F‰Ša‹Œῌ ƒAq
81„…"rF
ŽS9-
5ῌ $+P-‚nƒy(F,S933
ƒAqF("("P9:1‘
9F)9
῎ῑῐ῏
-ῑ῍ G
ῌ ƒAqF-
81„…"rs"ῌ ƒAq
+#$‰Š-
F’S9-“Ž”-a•ῌ –(Œ—
FR-]˜ƒAq(ijAF™•9-7-šR1῍
81ῌ CnopqF-(-„…"rs
1tu›oœS9-(ijAF™•9-a•f"#ῌ ῐ
‚n ῎ƒyq῏ F$+#GƒyžŸ ("
῎ῑῑ῏
1ƒAqcd-Œ¡¢Fmz{£¤"a
ῑ
FQR-1῍ ῌ ¥¦œpƒyq§¨©ª«œ¬
l­˜ῌ ®¯ƒyq8-ƒy(¥°±81p²#³´
¸¹L:iº^$£»¼ ῎£῏ ῎y½῏ ,-+
῍ ῌ !"ῌ #$%&'(
)*+,-.,'/0123456
῍
῎ῌ῍῏
* 78-.ῌ 93:!ῌ ;<=+*/0>?@A
"ῌ BC9D/0@12$E῍ /0123FG!ῌ
῎ῌ῎῏
HIJ6/012KLM῍ &+&ῌ /012
KL(!ῌ 93:NOPQ@RS$E
(TUVWXSY=Z[ῌ 9D/0\]M
(^_%`$(abc@de$<f((
!ῌ 93:,'g῍ ῌ \d!ῌ ῐ93:/01
2hijkl@emno*+pq@9D:r&'
?s++t*"ῌ .uvwxy9D:z+,-.
῎ῌ῏῏
!ῌ 93:!@d{$Ed$;Lῑ $
ῌ !ῌ /0w|/0}~Zu€‚ƒ„lῌ /0123
!…†Zu,'‡s*ˆE(῍
‰Š‹ W Œ
Žῌ ‘’3^$t“”•–—˜῍™š@›œ&῍
!ῌ Ž›œ&[@ῌ ‘’3d῍vžŸ —ῌ ‘’3 7ῌ ‘’3FG¡sῌ ¢‡$
$῍
‰£¤ ‘’3d῍vžŸ —
‘’3^$˜῍!ῌ t“–('!¥¦§–—€‚
ƒ„¨©ῌ €‚ƒ„£ª«-¬&'‘’3
@­®\d£¯v,῍ ,ῌ L°!ῌ ±Z῍&'!
+²d῍&'!‘’3@‡s!E(
$ῌ žŸ —@³´$\dµῌ¶·'(῍
,-, ¯°±¤²³´tῑῐµ ῎ ¶ ῐ῎ῌ῍ῐῑ
ῌ ῎
ῌ ῌ !"#$%&'(()῍ *
)῎+ῌ ,-%./
0 123456789
! (!:;ῌ <),-%=>?@>ABCD! (!:;)῍ EFD%ῌ GA./
0 HIJKL*MJNOL89!PQRῌ HIJKL
!SJ
%TIUUῌ VW123X$
./YZD,[(
H$=\*]^!_`$(*a
b89! cdD,($*῍
*e
-ῌ fg0hij!kl
mn$8
ῌ $op-qD,(rs῍
tuv fg
kl2wxy)z6
ῌ *YZ{|}~(
€./‚ƒ)-(TI8
U*῍ b
U*
%ῌ uU}~!„ …o$(†‡D,)῍ $ˆ+ῌ ῐ ῍ ῑ
./!‚ƒ‰2w(%ῌ Š‹WŒŽƒ$(‘’2w
!-“;8῍ %ῌ ./‚ƒ2w
$”J}~D,(*s
῍ ῌ ῐ ῎ ῑ ./!‚ƒ‰2w(%ῌ ./•–
xy)
-D,(!f$8ῌ (-ῌ ./•–—
˜
™š*)2w
D,-ῌ -(TI8῍ %ῌ ./‚ƒ2
w
$—J}~D,(*s῍
ῐ ῍ ῑ ./‚ƒ2w
$”J}~
$›pœ)1ž%ῌ ./!‚ƒ‰2
w(%ῌ -Ÿ9 ῒYZ>A3ŒŽƒ)(ΐ # ¡8*)(*s῍ %ῌ ˆ¢
0 £¤D-,
¥¦§¨©¤῏῎῍ª«rῌ $ˆ+ ῒŠ‹WŒŽ
S”Jƒ
xy῏῏ΐ (*«r
¬­)-D,)(®ˆ῍ )­^0i!xŽ710BW® ῎B῏ ῎¯°῏ ,--
ῌ ῍
ῌ ῌ !"#$%&'()*+
,-!"./0#10234560῍
῎ ῎ ῏ !"71089:
;<
ῌ !=>?@ABCDEF#GHIJKLM0
ῌ GHIJK2NO0PQ# !"R6
ῌ !=>?@A#STUVWM0῍ 2Xῌ 5Y
῎ῑΐ῏
0!"ῌ Z[ ῐῑ \]^0#2_`#50῍ ab
#GHIJKN0#cd^Xe6ῌ fgb
#ῌ GHIJK2NO0Z[ ῐῑ $%&'
῎ῒῌ῏
()*2+ ##102hi^0#56῍ 5Oῌ GH
IJKjkAlkmno#6pqrsOtuvw0e6ῌ
῎ῒ῍῏
GHIJKPQZ[ ῐῑ '()*+ ^0#5῍
ῌ GHIJKtuvwew0i!xyz{
|}~0ῌ €m7‚ƒ„6…†‡ƒ~
0ˆ‰2„50^Šp#‹B&i!xjŒŽ#6X
r~0e6ῌ !"2Z[\#
῎ῒ῎῏
‘P„6#5῍
῎ ῏ ῏ PQb’“
,lsOῌ ”2•–
ew0GHIJKPQ7ῌ —˜p
™p#2˜p῍ 1„”šῌ !"ῌ ›„}œe6
῎ῒ῏῏
῎ῒῐ῏
8„}œe6ῌ ž„6Ÿ 50¡¢^0ῌ #῍ 2X
ῌ 8”2•–
e6ῌ $%&'()*2+ ˜p„E|
£O‘ῌ ˜¤¥¦$%&sO§mˆ‰¨©O0˜p„^Oª
0!"2 !"./p0῍ 5Oῌ ˜p„!"ῌ Z
[\]#‘P#Y‘ῌ Z[8sO«¬6˜p
„!"^X˜6#50^0῍
,-. ·¸¹zº»ῒῐ¼ ῎ ½ ῎῎ῌ῍ῐ῏
῏῎῍ῌ !"#$%&'()*ῌ +,-./012345
$6ῌ 789%:;<6=&῍ %>ῌ ?@A
B&89%3C*ῌ +,-./0%=DEFG/0HI6ῌ J
KELMNO
%=KPO%=QRῌ S89%JKE
L*TKEUKVW
X=ῌ &YZ[K
I$%ῌ $῍ \89%]^83Cῌ ?@A_`a!&T
KEL*ῌ bcdK"e&*SPO%ῌ fghij
k\$8!6SLZ[K
lXmn6"oῌ
῎ῒῑ῏
῎ῒῒ῏
?^p\$:4 $^q5῍ e&ῌ $64*
5ῌ TKEL1<rs4?^p\$4 89
%tuve=$=9]^:ῌ ()8!6wxmy6=&῍
"ῌ SJz{|=6*ῌ ?^p
}MNO
VW
%~$=
!&ῌ =€‚ƒ„…%†=6*ῌ $6
*‡ˆoy%=$]^‰Š‹ˆ89%!&῍ SŒ$6
*ῌ Ž+L%C‘8y’K“”9\$I4•U–—d
MN$6*˜™45"oῌ moš›MNO
VW
‡ˆ
œ*%ῌ e&^p
:‡ˆœ*%=\$῍ ?@AB*JKE
LžŸ+ ¡""o¢£$%R9:45"oῌ $6JKEL¤Q¥Xy$=989
%\$*%ῌ &!6¤Q¥lXnˆ989%MNO
VW
:‡ˆ&=\$῍ ¦§—#*¨?U©ª«
Wˆ\$4 $\¬ῌ K“”­®&€‚ƒ„…%¯°*ῌ \
89%U©ª«"o*± ®%=\$῍ MNO
VW
}?^p
$
=!&€‚ƒ„…%¯°*ῌ ?²[Kª&%=3C45!6
:£$%R945!6ῌ &!68R³=´Iµ4¶oy
JKgh™š'6j>”›'0.?^_ ῎?῏ ῎œ῏ ,-/
ῌ ῌ ῍
!"ῌ #$%&'()
'*ῌ +,'-,-῍ .#/ῌ '0.1234
567'(ῌ 8'*ῌ 9:;<=>?@A'BCD=
:;EFG.-H)Iῌ JKELM.N
O4PQR-STU5ῌ 8V%&'(
ῌ 9:;<=EFG-UL2
῎ῌ῍῏
ῌ ῍
WXY Z[\]^_
W?` Z[
#$abcῌ '0.defῌ JKghi5,PQ'()6j>k0l'*e45deEm῍ "ῌ n
opab'()jqrstu#$'vw2ῌ x@'
vw2ῌ '0.1%&'(2
5῍ 67
'yzeA{L5ῌ 8V
%&E|Oῌ 8L}!~€)f‚ƒῌE4„
12ῌ …†'5῍
'0N'%&'(125‡Eˆ
Q.ῌ +,-'῍ .#/ῌ ?‰6j>9':;.<=E
Š‹ῌ Œ‰6j>V":;.<=EŠ‹,-JK ῎.
#/@:;JK῏ '(ῌ V:;<=>"D=:;Eg-I.
,-jŽJKV'‘"ῌ JK@'’58
,-jŽJKV'“"5,-PQ'ῌ 9:;<=>
B9:;EFG.῍ 5Hῌ ‹”E•–.,-'—
45Rῌ JKELM5R.῍ JKEghi2˜j
,-0 µ¶·¸¹º»Qῐ῏¼ ῎ ½ ῎῎ῌ῍῏῏
ῌ ῌ !"#$%&'(&)῍ *+
*ῌ , -.ῌ/01'(&2345678#ῌ
,&9:';<=>?@AB)CD#EF(&)
῍ G=#ῌ H#IJA23456ῌ KL,MNO78
)P῍
QRS TUVW
H#IJA23456NO#G= *78ῌ
,&XYZ[8\!]^_`ab)cd
efghi9: jk#lm78M῍
Qno pqhrstu
%v23456ῌ XY#Z hrwxaῌ
yz{|}~#))d€῍ ‚ƒ„g,M*
… ῌ †‡ˆ 23456ῌ ‰XY#Š‹ŒŽB
hr‚gxa78)P῍ #ῌ XY#Zῌ \
!#:‘’v“-u”&hr)ῌ XY#Š‹
ŒŽBhrst(&HA7 )῍ XY#•‹ŒŽB
hi78+*ῌ XY–—˜‚:!+XY#Z
ῌ ™š›œ2#žŸ(& ) !#
῎ῐῒ῏
lm),ῌ 7€(&),M78῍ ‰XY#Š
‹ŒŽBhr*+¡¢£‘))234567ῌ ,
hr#ypqhr¤$%& ), ῍ B%¥ῌ •‹
Œ8XY\!78+ῌ XYZ[¦+g\!ῌ 23
῎ῐΐ῏
456§N‘&, 78῍ *+*ῌ XY#•‹Œ
8 hrJ)ῌ XY–—˜‚¨©7‰›\!
#˜sª« )•‹4561)78+ῌ ™š›
῎ῑῌ῏
¬­®¯g°23456±²³“-u´)῍ ˆ‰ "#Ž Go\‘ ῎\῏ ῎„’῏ ,-1
ῌ ῌ !"#$%&'()
῎ῒ῍῏
*+,-.-/῍
, 0/ῌ 123456789,
ῐ678ῑ :;,-
<=>ῌ =?@ABC#@ADEF G
HIJKL ῎M@ABC#῏ @ANO(PQ
8R:;
,-<=῍ S9>45678ῌ ?@ABC#@ADTE
F= ῐMῑ
῎ῒ῎῏
UV678῍ - !ῌ ῌ ?@ABC#@ADEF ῐWῑ
῍ ῌ ?@ABC#@ADEFW
UVXYῌ 4567
8Z[ '-῍ ῌ 45678(\]3@AP
Q8^0 ῌ @ADEF ῐWῑ
45678(_
9>`a῍ ῌ UV
>ῌ - !"#$%&'()
*+,-.-/῍
bcd efKg4hij
k ῌ ?@ABC#\]3 @A(PQ
lῌ =
m nῌ (efoKg
4hipqj(rs<῍ t0/ῌ ?@ABC#uvwC@
A(xy=zῌ M@ABC@ADEF==
ῌ ?@ABC#uvwC(@A{|JKL(}~ =
῎ῒ῏῏
€ῌ (eo<῍ - !ῌ ?@AM῏ῌ‚ƒ„ M
@A(o…=„†
ῌ M@ABC@AD?@A
BC@A ‡-
ῌ ?@ABC#@A(
PQ9
ῌ M@ABC@ADS9EF
ˆ‰
ῌ =99Š
῎ῒῐ῏
῎ῒῑ῏
‹9
pqj῍ `a
ῌ ?@ABC# \]3@Axyl(Œo45678
,-2 ©ª«¤¬­®uῐ῏¯ ῎ ° ῎῎ῌ῍῏῏
ῌ ῎ῑῐ῏
῍
!"ῌ #"$%&'()%&*+,%&'()"%&-.
/0!123ῌ 456+7"89:;<=+>:?@
;Aῌ ,%&'()"BCD>%&EFGHIJK
LM";ῌ $%&'()%&*+NOP<
QRPPSTU>῍ <+;,%&'()ῌ $%&'()
%&*+NOP<"VW 1XYU>+ῌ U
>Z[,%&'()"\]^_`"ab c+3ῌ
῎ῑῑ῏
de>:῍ U56Aῌ JKLM
3ῌ Qf"eg)hi";jY
῍ U1!>?@"ῌ eg)Q
f
<0"kl>mno]p+qr 1st>!>:῍
uvw xyz{|}~
w"2:€<U‚@ῌ Qf"eg)
hi";JKLM+ƒ„…†p"‡:ῌ z"P
0U+῍ >ˆ‰ῌ JKLM";ῌ Qf"
,%&'()Š‹%&BCD"EFU+<0ῌ BŒ
D"%&:!1U";\]^_ŽU+῍ p
Œῌ JKLMῌ ‘’>+“C%&”•".‡Uῌ 2
–,%&'()%&*+NO:U+— 123ῌ 4˜™
?š›/ 1:῍ P<ῌ ,%&'()"BCD>%&EFHI
JKLMῌ œA
>A>:ῌ ῍
U1"žῌ Ÿ D>¡¢"”£¤¥"2:¦/ 1:
῎ῑῒ῏
"”¥…GGῌ Pῌ :1A§(B¨‘’
¦/:U+p῍
!"ῌ 4‰:9‡p"2:ῌ -.}~I¥Z
c¦ ῎
῏ ῎§¨῏ ,-3
!"#$%&'῍ ()*+ ,ῌ ,ῌ -.
/012345678ῌ -.9:
;<=*>?@ABC7DEFGH5%&' I῍
JKLMN'FO&;=5ῌ PQRSNTUVWXY7
'-.Z[\Fῌ &S07]^Z_`abc
῎ῐῒ῏
7%&'῍ );ῌ dY`ef<g[\N'Fῌ &S
῎ῑῌ῏
07_`ahi
(jkl%&N*ῌ (m&_
`aN'#$%&'anbcῌ UVWXYZef
῎ῑ῍῏
op7%&'῍ +ῌ &S07_`aN'#$%&'
an,ῌ qrst-.`NTuv`wxyzT;F I
῎ῑ῎῏
'5῍
=56{ῌ PQRSNTUVWXY<g[\
|',-.}~<g[\,ῌ qrst-.`xyI'
€F‚ ,7'῍ +5 I7ƒῌ R„`qrst-.`…
†ῌ qrst-.`N',-.}~I,‡ˆ7DE
GH5%&'ῌ );+‰Š,‡ˆ7‹ŒI7
'€;Ž(',ῌ RSN'-.‘’
\HI;€F
$“”IF•R&῍ + JK ,ῌ –
—N'ῌ qrst-.`NT-.Z`w<g[\
ῌ RSN'-.\HI;€˜™š
;'῍
›œ— qrst-.`NT12Y
῎Right to Adequate Assurance of Performance῏
žŸ ¡ῌῌUCCῐ ῎ ῌ῏ῌῒ¢£ῌῌ
›
¤ ,H<
,.* ¬­®¯°±wῑῐ² ῎ ³ ῎῎ῌ῍ῐ῏
ῌ !"#$%ῌ &#'(') "#*+,-.ῌ
&&/0123-.ῌ &4/*56ῌ76
8,-.*9:;<ῌ=>?@A῍
*$:ῌ *Bῌ CDE*FGHIJ
KLMN"#?,:῍ OP/=>*Qῌ ?FGH
IJKLRST#?*U,ῌ -CDE
VW
?XYZ8῍
,ῌ *BCDE*FGHIJKLMNῌ ?#
*U,
VW[:\]^:ῌ _`abcdeA*R
ST#f-:\ghZ:῍ ijῌ deA_`abckZ
ῌ ?U\]^:lm"#:.,-Z8῍ no
*$:pT#U\FGHIJKLῌ eqrDs
῎UCC῏ *U,tSuv"#-ῌ &/wxyz{|}
a} ῎Restatement of the Law Second Contracts ῎ d : Restatement
῎ d῏ *) "#ῌ *~-Z8῍ &#€*ῌ
*$hFGHIJKL‚(ƒ$U„&/01…
†ῌ ‡ˆ‰Š*‹Œ:‡ˆ) "#*:-,-.ῌ &
4/*876:56Ž=>?ῌ g*$:
‘’*B]^:\.=>*8-,q
῎ῒ῏῏
~“”N•\5g#Z8῍
–U\—˜!™*‹Œfῌ –kZyU\š›ZœS
῍ žŸῌ *$hFGHIJKL*9:ῌ &#
‡ˆZ8.*9:ῌ UCC ¡¢£¤¥_a}¦*U%99
;< ῎wx§῏῍ y*ῌ FGHIJKL*$:
) "#*+žZ'¨ῌ g© UCC *$:) "#*+'
¨*9:;<ῌ=>ῌ ?#‡ˆ‰Š ῎76:ª«<῏ *
®¯°±z{S
%²³x´µ ῎x῏ ῎¶·῏ ,.+
῎῏῍ ῌ !"#$%&'()"*+
,-./012345
6789:;<=>
?>;ῌ #$%&'()
@AB41CDEFGG ῎H῏῍
I #$%&'()
BJ
KL#$MN
OPQRS<
TU
#$5VWXY=Z
[>\]ῌ Q)S^0_`Cabc
dc῍ F
ef
<
gh^ῌ UCCΐ ῎ ῌῑ῍ῌ"*+ΐ ῎ ῌῑῌ῔ijY=
῍ UCCΐ ῎ ῌῑ῍ῌ^#$MN
#$kl m ῎Anticipatory Repudiation῏
no1>p
qῌ UCCΐ ῎ ῌῑῌ῔^#$%&'() ῎Right to
Adequate Assurance of Performance῏ no1>p
῍ r
῎ΐῐ῏
sῌ =t=
uvCw῍
ῑUCCΐ ῎ ῌῑ῍ῌῒ #$MN
#$kl
ῐxy
z{S5#$M|}U
#$
#$Ckl1ῌ
=*q~yz{SG[
235€‚0ƒ=\
]ῌ ‚„C89>z{S^ῌ …
†=
$‡C0FGpˆ῍
῎a῏ ‰Š?]m0M‹ῌ #$klC1>z{S*#$
CŒFG῍
῎b῏ Žfy
῎ΐ ῎ ῌ ῒῌ῏Œ>^ΐ ῎ ῌ ῒ῍῍῏ ‘E
*cGFG῍ F=^ῌ #$klC1>z{S
#$C’Gc“
”C1ῌ #$kl
•gC–1>\]"p—˜῍
῎c῏ NI™
†=
\]"pῌ š<
#$C›:FGῌ
Œ>^#$C›:œ†ῌ 
no ῎ΐ ῎ ῌῒῌῐ῏ *[ῌ žŸy
Žpƒ<† ¡C
¢ G1£o¤¥
)¦ῌ
p1^|§¨
¡
©ª23C«¬>;
¤¥
)¦C$­
,., ¢£¤}¥¦§ ῑῐ¨ ῎ © ῎῎ῌ῍ῐ῏
῍ῑ
ῒUCC῔ ῎ ῌῑῌῒΐ ῐ῎ ῍ ῏ ῌ ῌ
!"#$
%&
'()*+,-."/01'῍ 2*3"
456789:;<=>?@9ῌ A*ῌ
!"
#$
BCD>DE῍ F'
>7#@9ῌ GH;I9:;"ῌ .$JKLM
NO%&P"Q
RS>DE῍
῎ ῎ ῏ GTUῌ 456<=>9:;V3W
3ῌ FXYZ7#$>V3W3[\ῌ GH;]^
F_
'V῍
῎ ῏ ῏ 4`aN$bc%d.$@9Vῌ e-%
&$ῌ ()*fg
h
i῍
῎ ῐ ῏ j%&$k῏ῌlmn9:;+Uoῌ
!"#$
hpqrs;tuvDI"#
YZ.ῌ wx῍ῑ
yz{|}ῌ ~€#"‚ƒ„ 7#
}:F_…:7#D?῍ kIF'ῌ yz{|}&
†ῌ +‡
wx}:ˆ‰‡Y.ῌ 3hŠ}
:‹ŒŽ';v‘’.$'QC“h”•D?
῍ .$>_ῌ †hῌ –—˜™$!ῌ
+‡
wx}:—Vš8—›>œN.῍ –D
žDῌ NŸῌ yz{|}&
+‡
wx}:h
—›. ῎ 2¡῏ῌ –kῌ †h—› ῎ ‚¡῏ ©ª«¬?&'¦­®¯° ῎῏ ῎±²῏ ,.-
῍
ῌῌUCCῒ ῎ ῏ῒ῍ῌ
ῌ ῐ
ῌ
!"
#$%&'()*+,-./0!12ῑῌ
"3
῎῔ῑ῏
/45/67
89῍ ::;3
7ῌ <=>"3/ῌ ?7@A
/3BC/DEF"3/GHI6BJ/K;LM1N
῎῔ῒ῏
OPQRS;?῍ ?(RTRU7ῌ
῎῔ΐ῏
+VWXY<=>/(:7Z[S\]!/῍
7ῌ @A^_2`-F"3/6WabW
῎῔῔῏
!3;?῍
cdR&'7ῌ efgQhi3῍ /
0jῌ ῌ ῐkl-m2`-/
nῌ R&'"
῎῔῕῏
o:ῑῌ ῍ ῐpq_rs%t ῎ῒ ῎ ῏ΐῌ῏uR7ῒ ῎ ῏ΐ῍῍῏ ῎῕ῌ῏
vT"3:ῑῌ w"x῎y ῐ[!12wSῌ za
{|:ῌ uR7{|}[ῌ ~€ ῎ῒ ῎ ῏ΐῌῐ῏ "
(‚ƒ%pqSWW0a[„…†-„‡ˆ
‰Š‹ῌ SŒ7X9„…Ž-)*RUˆ‰Š‹
῎῕῍῏
‘:ῑ f;?῍ ’“”•tw7ῌ 7pq–;?—˜]!w#ῌ
RUῌ cdR&'7$pq_™šrsƒ› ῎œ
T.žŸ ¡\;?Wῌ ¢£;?W(RgQ῏ vT
:S;¤;?῍
¥ ¦§¡\ŠῌῌUCCῒ ῎ ῏ῒῌ῕
wmR"3ῌ ’“”•tw7ῌ pq–¨0!῍ R(ῌ ?(RT127ῌ &'7ῌ pq_™šrsƒ
,.. V«¬­®¯°±ῒῐ² ῎ ³ ῎῎ῌ῍ῐ῏
῍
ῌ !"#$%ῌ &%'῍ ῐ()ῌ *)+,-.
/0123%'4.ῌ 56789: ῌ 4.;<0
=
῎῕῎῏
8%>
ῌ ?@AB!.C)DEFGH=ῑ "
%'῍ 8*DEI!J
ῌ KLM=NOP-῍ J
Q4LMR!ST ῎U!.ῌ V:4.WXYZ=[\
]4ST῏ῌ U*J@8U56^_`ab-8
῎῕῏῏
cd῍
8B=efghH=ῌ UCCῒ ῎ ῏ῒῌ῕%'῍ ij
῎῕ῐ῏
*-kῌ ῐl@APmno,pTq1rs'STῑ
ῌ J
tuv\]8%>῍ : ῌ ῌJ
ῌ
wx#$y=:%ῌ WXz*{|}~YZ=8
%>῍ =bῌ J
ῌ ῐ€1‚.Tq1Pῌ 6ƒ!_B
῎῕ῑ῏
„…:†‡ˆ.8P‰YZ=8%>ῑ %'
῍ 88%YZ
ῌ tŠ‹ŒŽ‘’:%
῎῕ῒ῏
“ῌ YZ=8”•=῍ zῌ 8STJ
ῌ ῎῕ΐ῏
YZ=8*4.–—˜B!.ῌ `a™-῍
tῌ ῍J
ῌ Pƒ|P-zc,-%'
š8B=›œŒŽ=JžŸP-῍ =bῌ ῐl
@APmno,pTq1rs'ST
ῌ ?@A
ῌ ƒ|P-›œŒ ῎adequate assurance of due perform῎῕῔῏
ance῏ ¡%N=8%>ῑ %'῍
¢£ῌ ῎J
ῌ mnTq1rsTq1“¤e¥,-
ST
ῌ 56
¦P-"!.§8%>῍ =bῌ ῐŒ
¨N‡ˆ£῏ῌ©ªŸTq1“¤ῌ ƒ|P-
=>AB&Z
®¯]¨°± ῎¨῏ ῎²³῏ ,./
῎῎῎῏
!ῌ "#
$%ῑ &῍
'() *+
,-.+/
01
23456 78ῌ 9:;<=>?@=>AB
CDEF
GHI
JKL
8ῌ .
MNN E
OMN῍ ,Pῌ =>QRS"#TU
VWXYZE[\"#$%]
^6C_!ῌ X`Z!a
MNXYZ
bc"#TU
"#$
%dN EO῍ 9:;<=>?3ῌ "#TU
"#$%e
!ῌ a
f
=>ghe]
ij
klmn EOo
L
ῌ X`Zpqrsotu
=>ghe]o
ij
o
&῍ ovoῌ XYZ
FGbc"#TU
"#$
%&wx] EO
8!ῌ yPoz8῍ a ῌ
9:;<=>?3!ῌ =>QRS"#TU
VW@XYZ8
{|
"#}~L€MN_K‚EX`Zƒn6C_ῌ ]„…
=>EAB†6C_!ῌ X`Z"#‡ˆ`Epq v῍ aῌ
"#‡ˆ`‰ŠL6"#‡
ˆE‹Œ8v6C_!ῌ a
MN}p!"#TU
"#$%
&L
&῍
MNῌ 9:;<=>?@!ῌ =>ABN!ῌ "#
‡ˆ`
#a
}‹ŒNŽ‘O’ Mv"#
TU
"#$%?K/“‘L῍ ,”ῌ 9:;<=>?3!ῌ "
#‡ˆ`Mv=>AB
•–E—N EO
&῍
ovoῌ *˜™š@o›6MNῌ 9:;<=>?@œ
MNd! UCC @ž-Ÿ L6o
&”ῌ ¡¢£
῎῍ῌῌ῏
¤¥¦§3
?KN„œ!yPo8v6῍ ῐ¡¢!ῌ ¨©
Z!ῌ ª©E"#] «ˆ-`¬­
,.0 ¦§¨<©ª«cῒῐ¬ ῎ ­ ῎῎ῌ῍ῐ῏
ῌ ῌ ῎῍ῌ῍῏
῎῍ῌ῎῏
ῌ !"#$%&'()*%!ῑ ῍
+,-$."/%!0123ῌ 4# 5"6789
:;<=
>?
@!%῍ AB
+4#CD!
%῍ .$EFG+ῌ HI J/" ῐ:;KLMN O!
+4#PQRSTU%ῑ
V/"FG !
"WXYZCH.῍ [ ῌ :;KLMN J*0
123 UCC
\]^. @!_` V/"ῌ ab-"FG
῍
cda 0123efghῌῌUCC῔ ῎ ῌῒῌΐijgh
0123+01kl01mn<opoqrst8u5"v
.^.ῌ Jw0123 x5"yz{q|
E%$6}su~€/‚<pƒ€.„ῌ 012
3yz5"…e†l01kl01mn<oMN‡ˆ5"J
‰Š῍ a+ῌ ‹ῌ 01kl01mn<oŒ
gh V/"Ž|5 ῎ac῏ῌ [/ῌ UCC y>^.†lM
N V/"Ž|5"%$ ῎ac‘῏ῌ UCC῔ ῎ ῌῒῌΐijgh V/"
Ž| ῎acd῏῍
῎῍ῌ῏῏
c 01kl01mn<o’
c“ %V"r”•su–—
%V"r”•su J/"+ῌ 01kl01mn<o,-$."/
῎῍ῌῐ῏
%!῍ 01kl01mn<o˜>5™š›5"ῌ Phil῎῍ῌῑ῏
potts v. Evans œ῍
Philpotts v. Evans œ
ῒ›ΐ ῍ΐ῏ΐ ῍ žŸ ῌ X ¡¢ῌ Y £¢¤¥¡£:;
–—˜™-Nšˆ›œžINŸ ¡ Ÿ „¢ ,.1
῍ ῎ῐ Y X ! "#$%!&&
'()*+,-./0123* 4 Y 5678
!& Y 4()39:; X <=>?3@AB CD
EFGF,-H I*JK X <=>?L Y ()39M
IN0123 X !* ῍ῒ῏ΐ ῍ ῎ῐ 3O
PQRNST 4%& Y 7UIST%
῍ῌῐ
VWX 3OPQRNST %+/F,-N
Y0
123(Z! [\NST% VW
X
],^_`%* X Ba3Abc%+/`%3" Y d
e,T*f 12*g/`%<=>?LQ
ROP%!hi,-H&*+ jk/ 4
l/*mXnZNBa-c*+ o. X Y 3()I
Np3qrN& VW7sIN],^_`%3t
u\ZN&%kJN Y _!* 3()*
+,-./%+/0vwlH! xy-H%+c*+
4l/*vwz{|}*+&,-N~*+,-H! 4
l/*vw&J€3()IN`%z Y ‚ƒ„
-N …&]†,-H! X Y 3VWX‡BcN`%,T*
῍ῌῑ
+,-N
`l/ Philpotts v. Evans ˆDn+! Parke Yˆ <=>?
LQR%H!+_hi*OPm,-N%+/‰Š%‹ŒŒ
xy
!Bc3Ab/N+_%+/‰Š%3Ž_Z
, Gl/+/,-N I*JK %cVWX‡VW9M-H
%!& 4`%lH!‹Œ
3‘I‚’“/N
I*+,-H! xy”•N`%*+ H!<=>?L
,.2 «¬­V®¯°Rῑ῏± ῎ ² ῎῎ῌ῍῏῏
ῌ !"#$%ῌ &῍
'() Parke *+,-(.ῌ /0
12
ῌ 30ῌ 4516
7"819:ῌ %
;< =>16;<?@!ABCDEFGH IJK:LM
῎῍ῌῒ῏
NOPQK'&&῍
RST U
V-WX
῎῍ῌΐ῏
YZῌ Hochster v. De La Tour +[+[\ῌ U
V-]^_`Nab6cde;f&g῍ Yhiῌ Philpotts v. Evans +[ Parke *+,-jkKLMNOl>
῎῍῍ῌ῏
'&&g%῍
Hochster v. De La Tour +[
ΐ+m῔ ῍ῒῐ῎n ῏ o῍῎pq;<ῌ X & Y r()2s
t1῍ Kuvῌ ῍ῒῐ῎n ῑ o ῍ p:wxyozῌ Y X
{ba|
}~€&1‚ῌ X Yƒ&1„o῍ῌ…N†
‡&
)2s%g῍ 1:1ῌ ῍ΐῐ῎n ῐ o῍῍pgῌ Y X ƒ1ῌ
ˆ X
‚)‰&Š‹ 1῍ 'Š‹ Œῌ X ῌ
῍ΐῐ῎n ῐ o῎῎p ῎<p῍ῌpU῏ Y
Ž1῍ Y (
ῌ & Y ‘KU%g&1 X
‚)
&);<ƒK?@&&) X 0’ƒ1ῌ Y ῌ ῍ΐῐ῎n
ῑ o ῍ p“U;<?@”•&1–g῍
ΐ*—῔ ˜*™ῌ X 0’ š Y ›œ ῍ Campbell ῌž
Ÿ˜* ῌ ῒ¡‘%¢ K#$;<%2ῌ ;
<z ῎in the meantime by the contract῏ £+z¤¥
%¦§]^K%‰ῌ ;<£+ῌ ῐ;<]Kῑ Y
z£+¨©&Y()¦§@1ª©£+BC
´µ¶·"vUm¸q¹º» ῎¹῏ ῎¼½῏ ,.3
῎ῌῌῌ῏
ῑ ῌ ῍ ῌ ῐῌ X !"
#$ῌ ῌῒῐ῍% ῑ & ῌ '()*+
ῌ X 1
,-#./0
23456789:9;ῌ <=#>?@῍ ῌ X 1ῌ +A(ῌ ῒY
+%&'+..Bΐ CDEF
G*#19
:ῌ HI X 1JKLMNOPQR&
S.8TU#"9VWX#YZ[\]^
:"῍ Hῌ Y _`ab ῎renunciation῏ :#cd1ῌ X 1+_`23*#e*"9Vfg
8hijklmn((opI#+_`q
"9Vr.H9st:
#uo
"
_ῌ vUw1S2῍
I(ῌ x)#yz"@[\{I|}~
ῌ X 1ῌ
234#€‚ƒ789:"@
fg„…Yῌ †F‡ˆ‰Šj‹Œ
῎ῌῌ῍῏
o
""ῑῌ ῍
cu Campbell ῌŽ‘’“sT”;ῌ +H9•H
:<1ῌ X 1
1–rX—op.˜Š™C:
῎ῌῌ῎῏
u"1)"῍ +:
HH9)ῌ Hochster v. De La
Tour šX#ῌ ‘›1ῌ X 1.œž"*#
Ÿ
hijk#fg ¡^¢‘῍ :*#.œž.
£¤¥¦7:ῌ .£¤§—vU1Ÿ 23,-B5
6¨©h”ª«*῍ +#ῌ Hochster v. De La Tour ῎ῌῌ῏῏
š¬ῌ .œž.£¤¥1ῌ Frost v. Knight š– Johnstone v.
῎ῌῌῐ῏
Milling š­®?#¯°±LK²³#VB*"
,/* ¶·¸¹º»ῑ῏¼ ῎ ½ ῎῎ῌ῍῏῏
῍
ῌ
῎῍῍ῑ῏
!"#$%&'(
)ῌ Roehm v. Horst *+,-.
%/012(῍ 3
)ῌ 456789:
;<=>?@A2(῍ B<CDῌ EFG)ῌ HI<J
K<L?M2N?<12(@O(PQRST3US
῎῍῍ῒ῏
VWM3Uῌ XYZ[;<=>?@A2(WM῍ \]^
῎῍῍ΐ῏
<EFG_`,SVa(Fb@ῌ Dingley v. Oler *+?M῍
Dingley v. Oler *+
ῑ*cῒ defghWM X )ῌ ῍ΐῒ῔iefjklmnop
,qOrsWtῌ \2]uvk<wx?.\2ῌ
(῍ \yW X )ῌ Y z{ῌ Y @|W}]^<
,~(῍
B<CDῌ X ?qOmnopd, Y ?€tῌ ‚i\2@ƒl
d, Y 3A X „@€…B@^
WMu(῍ <ῌ Y ? X d,€
u(†d‡ˆ‰Š)ῌ ῍ ‹"M(tῐῌŒ"‹WMu(῍ \ῌ ‚i
ef?ŽWῌ X ) Y d,€…B]^‘P(῍ <
ῌ \†d‡ˆ‰Š) ῍ ‹"M(t ῐ ’“”W•–(῍ y
X 3A—‘ῌ Y )d€…,s˜%Wῌ X 3A€u
(†d‡ˆ‰Š ῎ ῍ ‹"M(tῐῌŒ"‹῏ W™š›3ῌ œ)
d‡ˆ‰Š?\žŸ”W u3Ad,€…B3¡DA3WM
@¢£ ῎¤¢£῏ (῍ y]^< Y 3A¢£ῌ X )¥¦
d€…,—‘(?ῌ y—‘B Y ¢£ ῎§¢£῏ )}
]^<œWMu(῍ B<CDῌ ῐY f%¨© Y ƒgh?ª,qO
«¬m­]u Y ?®sW@¯ῌ X ) Y ῌ °±
²(]^<³´µ X 3A€…12(@ƒld,€…B]^
qr™š›œT˜1žŸ ),¡¢ , †£ ,/+
Y Y X !
"#$%&' X () Y *+,-. %/01234 X Y (&5)
῍῍῏
067
89:;< Y -.( X
=>?@A)BCDEF GH Y X (
IJK-. Y &LMNOPQRS7TU =>?VA)WBEFI7T"XCDYZ
I5
X [\ ( Y X (
IJK-.LMNOPQ]^)7_ X &CDEF`?ab7T
Y cC
de
fdg GHdhi X jk fdg
Y &JK-.K lmn&5dh op
+,-.K qrstuv
4I0
῍῎ῌ
67T
wxyKMzy{| }~7T

p NOPQ]^
I 5 +,.&€ ‚ƒ„…UI)€ Y )
5
7TU =>?† Y I‡ˆ‰Š
I7T o +J-.K‹Œ NOPQ]
^
I lŽ Y +J-. K
‚‘%qrNO
5M’
“y{|)”•
y7–—XKLM{| positive, unconditional, and unequivocal
declaration of fixed purpose not to perform the contract in any
῍῎῍
event or at any time 7T
7T
57T
W;&5Ž Y &+, +J-.pNO?B
NOPQ˜
I Y &NO?B
,/, °±N©²³«ῒῐ´ ῎ µ ῎῎ῌ῍ῐ῏
X ῍
Dingley v. Oler !"#ῌ $%&'()*+,-
῎῍῎῎῏
./&01!1234
56*78ῌ 9
:;<=>"?@A῍ 9BCῌ DE%FG40
"HIJK"!LM'>"ῌ .NOPQ!
῎῍῎῏῏
RES!N*>῍ !1?ῌ ῐ!T()*UV !"?WX
0*!!1YZ0[\]+
^_\`aTbY*]
+ῑ cdUVῌ LM'.Ne!f-gG
῎῍῎ῐ῏
*!h῍
f=1*.NQ!dῌ HIJK"!L
M'i=1*jklmnof*>῍ *pqῌ rLM'
-ῌ Ls'=tu*+,0"v!ῌ WXwx0
UVῌ 9=1*LM'ῌ :y; z{|} !"ῌ Ls'
+,&~ῌ 0->"LM'*0WXwxf9-W
X€|}!1‚ƒ
f*῍ „%ῌ HIJ
K"!LM'-ῌ Ls'=tu*+,|…0?p~
*!0†‡ˆ‰0=1*UVῌ 9=1*LM'ῌ :y;
z{|} !"ῌ Ls'+,&Šῌ 0->"
LM'-:?*!09†‡ˆ‰0h‹Œ-Ž0
0"?ῌ 9=1*‹Œ‹Œ‘s€=>"’K?
῎῍῎ῑ῏
Š“”0•*!?0"|}‚ƒ
f*῍
–—\*˜™lš› !"ῌ WXœU !"LM'nf
=1*jklmwž
EŸ-Y "!*>῍ 9fῌ f=
1*WXœ¡¢&'()*£¤EŸ|h1-ῌ 9
:¥¦§¨WXN©$Tª3*>῍
«¬­ ® ¯
ab„…‘’ «@s¬­“®¯ ῎“῏ ῎°±῏ ,/-
ῌ ῌ
!ῌ "#$%῍ &&ῌ '"#$%(&)
'(*&((῍
+,+,ῌ -./01234567ῌ 8
*9:760;<%῍ &=>/?$%!ῌ Philpotts v. Evans
@A <%῍ +Bῌ Hochster v. De La Tour @AC<7ῌ !12345DEF:&((0<%῍
GHIJ67DEF:%ῌ +Bῌ
Roehm v. Horst @AKL7MNIO67,PQF:&((0<
%῍ $;$ῌ MNIO67ῌ RST67
UV/0WX!(9:%῍ Dingley v. Oler @A67ῌ YZ[\ῌ
ῐ6T]^0_`67,ab$06(6cDd($%e/f
[gh/ijA;TkD0f[ῑ (6l06(mF:ῌ RS!noF:% <%῍
&Cc0ῌ MNIO
pUV/0
WXC<7ῌ qrs;9tuT67vwxL76qys
ῌ z{|67\}~;;T67€3‚ƒ&((0<
% ῍ &Cc0ῌ ab„…_†67‡L€3‚]^
$7ˆ‰}~;!ῌ +BMNIOabŠ‹F:%‹Œ(0<%
῍
Ž UCC V‘’
“” .“•–C—abIJ˜G™N3™
PQ(ῌ zš›œS&(C<7
qys!ƒ&((0€3‚Œῌ ῍῏žŸ ;9῎ῌžŸKL7
MNIOŠ¡¢££¤%.“œ\ῌ (¥£
ab06$•–
¦§œ\67,‹Œ(F:%῍ +Cc0.“œ\¨© <7ῌ
UCC ,($7ῌ lª.“•– ῎Uniform Sales Act : USA῏
,/. ®¯°YF±5ῒῐ² ῎ ³ ῎῎ῌ῍ῐ῏
῎Restatement of the Law of Contract : Restatement῏ ῍ ῌ ῌ USA Restatement
ῌ !"#$%&'()*+,)-./ ῎-+
,)-&/0./῏ #1-)234῍
567 89:;#<=>
USA ῌ ῍῕ῌῒ?89@#A4BCDEFG ῎National Conference of Commissioners on Uniform State Laws : NCCUSL῏ #-)H
IJKῌ LMN#῏ῒ@#-)HOJK#P0.῍ USA QR*S
#T(U.ῌ (VWXYZ#<[\0. S. Wil῎῍῎ῒ῏
liston ]^῍
USA ῌ _#-)`.a&ῌ bcd_bcefghOij
kl#mJK.n#0)opij#qjU.(rn
n&0. !"*ms4#.0)ῌ tnuvw+4nx&/0
῎῍῎ΐ῏
.nJK῍ U/U&yῌ #ῌ opz{#0.(r|}
῎῍῎῔῏
*~0.n€Uaa&g-‚1/=>JK)-.῍
῎῍῎῕῏
ƒ„ῌ USAῒῑῐ:S…† ῎Lien῏ #1-)>‡)-.῍ ˆ‰#
KŠῌ ῐ‹O#A4&uy‰7&U#Œ:ŽJK.iῑ ῐŒ‹O#‘-):ŽJK.ῌ ‹Od’“”U.iῑῌ ῐ;S•–—˜z™#P0.iῑ #ῌ š›•–-*œ<)-&-:
Sῌ š›•–-*œ<ƒῌ NŒ.ŒžŸ*| 4
n¡ῌ K#0)…†¢*| Uann&
῍ £8N&¤¥¦…#-)ῌ ‹O:;#<:Sῌ .n,š›
•–-*œ<)-&/0.nU)ῌ ƒ.NŒ*žŸU)-.nU)
ῌ (§NŒ¨¢*©anJK)-.῍ USAῒῑῐῌ a
&£8N&¤¥¦…*ª«Uῌ ῐ;S•–—˜z™#P0.iῑ #ῌ
:S…†¢¬­4nU.0.῍
῎῍῏ῌ῏
Jy#ῌ USAῒῑΐῌ ;S•–—˜z™#0.i#ῌ :Sῌ
XhU¥5f¦klr§¨© ῎§῏ ῎ª«῏ ,//
῎in transitu῏ ῌ ῍ !"#$%&
'ῌ ()#*+,-./01234 056ῌ 4!7
89':;<="0ῌ 43>?.@,
&A0<=
5῍
070ῌ !"#&'ῌ BC4
D3DEF#3# Gῌ $!HIJKL 8M
ῐ89ῑ
D1234# Gῌ N9D3OPN9QRSTUVW7
!7XYZ4[7
\]D1234# Gῌ #$^#_
῎ῌ῎ῌ῏
`57
C4῍ ?.@,&Aa 0bcῌ N9QRSTU
VW7
!"#\]defg!7Xhi !"#\]
῎ῌ῎῍῏
#ja 'EFC4# #jῌ ^#_`57
C4῍
῎ῌ῎῎῏
#$ USA 'ῌ N9kla ῌ USAῒῑ῎ ῎ ῍ ῏ m% ῍ #
no USAῒῑ῎'ῌ 89pqrstuv"
2
5ῌ wxy'ῌ N9z{|f}a 2 5῍ b~y!4ῌ ῐ89ῌ $%€OP‚ƒ„
OP# ῌ 5 'OP…†# ῌ ‡ˆ‰
ŠG
a54‹Œ
ῑ "fg5\]'ῌ N9'fg
ῌ 89D3uvC4
pqrst>{|f}9
5῍
070ῌ USAῒῑ῎ ῎ ῍ ῏ N9;A#!"J fŽ "
0'%34‘ῌ C3b~y89D3pqst>{|’
“N9”3D&AB•05Da 0SŒ–5
῎ῌ῎῏῏
C4῍ —“ῌ 00b~y˜!"#fV'™š'›œ
῎ῌ῎ῐ῏
jž“# "G0ῌ b~yEFGŸ C4 ῍
῎ ῌ ῏ 070ῌ ¡¢£¤r'ῌ Xhi
\]$
,/0 ™š!IUWIῒῐK ῎ H ῎῎ῌ῍ῐ῏
῍ ῌ ῑΐῒῌ ῑΐΐ !῍ "#ῌ $%&
ῌ ῑ῔῕ !'()῍ *+ ῔῕ ῎,ῌ ῍῕ΐῐ῏
῍ῑ῕ !῍
῎ ῎ ῏ ῌ-. ῎ ῏ ῏ ῎῏ ῍῎῍῍
῎ ῏ ῏ /01/23456#7ῌ 89 : ῒ;< ῔=>?
&@῕ AB ῎῏ ῎῏ ῎+῏ ῎CῌD῏ ῐE#FGH46#ῑΐ I
J῍ῒK ῍ H ῎῍῕ῌῒ῏ ῑῒῌ
῍ῑῌ
῍ῒK ῎ H ῎῍῕ῌῒ῏ ῍῎ῌ
῍ῒK ῏ H ῎῍῕ῌῒ῏
῍ῒK ῐ H ῎῍῕ῌῒ῏ ῏ῑῌ L!M" ῒ/01NOPQ/23R?&#
Sΐ ITUVW῏῍K ῒ H ῎῍῕῍῏῏ ῍ῐῌῌ XYZ ῒ?$/23[ΐ
I\ ῔ K ῍ H ῎῍῕῎῎῏ ῍ ῌ ]%^_ ῒ?&/23ΐ `UVW῍ῌK ῎
H ῎῍῕῏῎῏ ῎ ῌ
ῒ?&/23 ῎a1 D῏ΐ `UVW῍ῌK ῏ H ῎῍῕῏῎
῏ ῏῏ῌ b&c+ ῒdef῍῍/01/23g'hijΐ
Ik(῏ῐK ΐ H ῎῍῕῏῎῏ ΐ῏ῌ lmn ῒ?$/23 ῎῏ ῎῏ ῎+ῌ
D῏ΐ I ῐ K ῎ H ῎῍῕῏ῑ῏ ῍ῌ῕ῌ
ῐ K ῒ H ῎῍῕῏ῑ῏ ῔ῐΐῌ
ῑKῒH
῎῍῕῏ῒ῏ ῒῑ῕ῌ )o+p ῒ/01/23q*rst῍῍u+
vw Anticipatory Breach x῍῍ΐ
῔u+yz ῎{῏῕ ῎,|
-I}.Uῌ ῍῕ῑ῕῏ ῔ῒ~ῌ /0€ ῒ/23‚ij῍῍Doctrine of Anticipatory Breach hƒ῍῍ΐ ,|„…†-I‡῍῎K ῎῍῕ῒῑ῏ ῑῑ
ῌ !ˆ1 ῒ/23xΐ IJ῕ΐK ῍ ῌ ῎ H ῎῍῕῕ῌ῏ ῎῔ῑῌ
ῒ
/23‰Š‹Œ02Ž3ΐ IJ῍ῌῑK ῎ ῌ ῏ H ῎῍῕῕῔῏ ῑῑῌ
4 ῒŠ‘’Bvw/01“5ΐ Iῒ῕K ῏ H ῎῎ῌῌῑ῏ ῏ῐ῎ῌ
6 ῒ”7•8–9/01/23῍u+vw/
01/23:—;˜4< ῎῏ ῎῏ ῎+῏ ῎CῌD῏ΐ ™š!-I-I
›y‡῍῍῔H ῎῎ῌῌῒ῏ ῍῎῍ῌ
῍῎῍ῌ
῍῍῕H ῎῎ῌῌῒ῏ ῍῏ῑῌ
῍῎ῌH ῎῎ῌῌῒ῏
῍῎῎H ῎῎ῌῌΐ῏ ῍ῑῑῌ =œ ῒžŸ’ vw/01
/23¡>v‚¢£¤¥7¦ΐ §yz῏῎K ῍ H ῎῎ῌῌΐ῏ ῍ῑῌ
¨©?@ ῔
/ª«¬
A¡£­m®B῕ ῎¯CDῌ
῎ῌῌ῕῏ ῍῎ῑ~ῌ 9°EF ῒ/g±G‚/01ijH²
῎῏ ῎ῌD῏ΐ ³-Iῑ῔K ῎ H ῎῎ῌῌ῔῏ ῏ῌ῔ῌ
ῑ῔K ῑ H ῎῎ῌῌ῕῏ ῕῔ῐῌ
_]_´ ῔/st&µ¶·$῕ ῎,|-I}.Uῌ ῎ῌ῍ῌ῏ )῍ …vw¸H²<¹º¯x»ῌŽ3#ῌ ¼!½
@¡'}~Ž6™Cd.¼7E6[½ ῎[῏ ῎5῏ ,/1
ῒ ῎῍ῌ῏ ῎ ῍ ῏ΐ ῎ῌ ῍῕῔ΐ῏ ῏ῑῐ ῐ
ῑ ῍
῎ ῐ ῏ ῎ ῏ ῏ ῌ ῔῕ ῎ ῌ !"
ῌ ῎ῌ῍῏῏ ῍῍ῑ῍῍῍ῒῌ #$ ῔% ῎῍ῌ῏ ῌ ῎ ῍ ῏῕ ῎ῌ
῎ῌ῍῍῏ ῒΐ ῐ
ῌ&'ῑ (῍ )*ῌ +,-./01*230
45326 ῎78῏ 9:*23;<;=>?@ABC
DE6FGH)45326῍ IFGJῌ ῎ῌ῍῏ ῏ KL45 ῒ ῎7
8῏ 9:7E6MNGΐ ῎ῌ MNG῏ *23OP45326῍ Q
C ῔ ῎78῏ 9:7E6MNGRS῕ ῎QCῌ
῎ῌ῍῏῏ ῎ῌ ῔MNGRS῕῏ ῍῏῎῍
῎ ῑ ῏ TUῌ Vῌ ῎ ῏ ῏ ῍ῐῌῌ WXῌ ῎ ῏ ῏ ῍ ῌ Yῌ
῎ ῏ ῏ ῎ ῌ Zῌ ῎ ῏ ῏ ῎[῏ ῍῍ῑ(῍ \D]3Jῌ TU^_
`a῏ῐ ῒ K ῑ ῍ῌb ῒ c῍῍῔῎Hῌ ῒd*23e ῎fg
2TUhiVj῏ ;?;<klmn=>]opῌ eqr
*23;stuvwxy5zῌ [e{r|}~yx3ῌ
=>st?€6HTEIDHn<‚gƒ)2„…)}†*23Jῌ e
;J‡h2ˆ‰6; DŠ[!|"‹?Œp3„2D
Ty56gŽ6yῌ dD]3J;<kl*23!ῑῐ῏
‘’“3ῌ ”(•–?#—z]3@?ABE6IDHgƒ6D2ˆ)
p5U)y)2ΐῌ D˜E6῍ )*ῌ MNGgJῌ ῒ™Cd[H;<
e;?E6stH)2š?˜]IDe›C„uῌ e™
Cd[H;<@?]$|?œE6u6;?E6'žxH)2
IDH%gŽ6Dƒΐ Jῌ ›™CdJ@?AB]…6D45326῍ ῔
MNGRS῕ ῍῏῎῍
῎ ῑ a῏ )*ῌ Ÿ&ˆH gJῌ @¡'}~?¢£60Jq¤o|)@?
(¥¦23)453ƒD2T6Hῌ §gJ¨)|@D¤o|@D?*
©+—zῌ ª@[,-«D]3@¡'}~-«¬­?®T6IDDE
6῍
῎ ῒ ῏ ]H¯3ῌ °±²³*23J;.´µ¶DŠ/.·J¸,])2῍
¹ῌ ῎ ῏ ῏ ῎[῏ ῍῍ΐ῍
῎ ΐ ῏ ¹ῌ ῎ ῏ ῏ ῎[῏ ῍῍῕῍
῎ ῔ ῏ TUῌ ῎ῌῌ῕J º0123@7E6 º4» ῎United Na-
,/2 º»¼6ƒ½"ῒῐ7 ῎ ῎ῌ῍ῐ
tions convention on Contracts for the International Sale of Goods : CISG CISG ῍῏ΐῑ ῎ῌῌ῕
ῐ ῕ !"#$"%&"'()
῍ῌ *+ ,- ./01234 # 56῎ῌ7 ῍ ῍῕῕῔
ῐῐ
῍῍ 89:ῌ;<= >?@ ῍῏ AB ῐ C D
῎ῌῌῒ
ῑ῕ῐ῍ῑ῕ῑ
῍῎ EF GHI῏῎῍ HA῔῏JK !"$0
LM
2 NOP #QRS Uniform Commercial Code : UCC ῎ ῍ῒῌ῕T
UV2)W2
῍῏ EF CISGΐ῍ UNIDROIT XYQR,Z[ UNIDROIT Principles
of International Contracts : PICC ΐ.῏.ῐ \]^_,Z[ Principles
of European Contract Law : PECL ῔ ῍῍ῌῑJK J0 V`abL
)
*+ ,-./012cdeM2#fg῍῍
X!ῌhiG]jXYQR,Z[ῌ\]^_,Z[kT
lm῍῍ no"pl \]^_q#rst $%&u ῎ῌῌ῏
῍ΐ῕TW2 U` \]^_012vwxyz
{|'
}~ Draft Common Frame of Reference : DCFR ῌ.῍ ῏ :ῐῌ῍ ῎ ῌ.῍ ῏ :
ῑῌῑ)
῍ῐ EF AB €L‚ƒl` („…)B
†‡
ˆJ*‰12Š‹ŒW2€~TŽUV
2
῏.῍.῍.ῑῑ 3(„…)B
῍ ‘,0
AB’TA’“
A3‹ A
’ AB’”+(„,ˆ•-(–—˜.™R’/šM2TŒ‹J
l›RœT,žŸ ¡¢0“A3£12TŒ‹J¤J
2¥¦cJ-§T ¡1" ¨©A3ª«TŒ‹2 ¬
AB’T)e­®¯° ±™²­®¯ ³m
J
῎ ῍ ´µRœT,žw¶ ¡
T A’T¯
1cJ1"‡›
:2TŒ‹Jl›®¯) ῍ 23M2
·¸€~ („…)BT¹+UV2®4
‘,T2w3
1¶@°¹!2º€8»¼½ ῏»ῐ ῏ABῐ ,/3
῍ ῏ῐ ΐ
῏ NBL῍῎ῒῐ῔ ῏ !ῌ ῎ῌῌ῕ῐ "
#῍
$ῌ %&'()*+,-.(./
῍
ῑ01!2-3456789:;-2*ῌ <=
:>=?@Aῌ BC=?@A*DC=?@AEF$GHI
!,Jῌ HKLM:7N
.)H
O
)ῌ H!+PQRS
TU8:*ῌ H7
VWGM:8῍ $Xῌ <=YZῌ *<[
Z$:*ῌ G\JM.8῍
] 1^_C`$M:*῎ H
1^ab8G
M:.TF$MG
c 1^adC`$M:*῎ 1^a. ,JeGM:.TF$MGῒ
GGM*ῌ 67;[8!2f!gh7i
/
῍ ΐ%&'("jk#῔ ῏῏῔$῍
.)ῌ l%mnopq&rstu&$ ῑ'
'
(ῌv( ῏(w῎῍ ῍ x ῍ '(ῐῒ ῏)*ycz{῍῎῔῍῏῕$|}ῐ )ῌ !
gh#+~8G(/
῏'(ῐΐ῍ῐ῍
῏῍ῑῐ !gh€ῌ ,TN‚7,ƒ-.„$
ῌ …†‡ ῑ!ghῒ ˆ%‰ῌ/0(ῌ†
‰ ΐ‚q1Š‹Œ ῎
῔ ῏12Žῌ ῍῕῔ῐῐ ΐ῕$ῌ ῌ‘P’ ῏῍ῌῐῌ “
”• ΐ3–&1st῔
῏n—˜ῌ ῎ῌῌῌῐ ῎ῒ῍$|}῍
῏῍ῒῐ ™š›kœ*ῌ 4žŸ 5 ΐ'
›6¡ 7῍῍
›%¢῔ ῏'
87˜ῌ ῍῕ῒ῔ῐ "#῍
῏῍ΐῐ ῑ!£9D¤¥ῒ -:¦ῌ §
;¨st<8M῍ ©ª
=… ΐ1!£9D῔ ῏12Žῌ ῍῕ῒ῕ῐ ῍ῐΐ$῍
῏῍῔ῐ ῎ῌῌ῎‘«c¬῏῎῍*ῌ +,-­>$῍
ῑ01®:67;-2*ῌ 1^_<=¯>°±
²
?.³~C`ῌ G
,FKL´µ¶@~$O*ῌ KL
·‚/
T*HKL$r[Z/
Mῌ 4NF
LV¸8GM:῍ῒ
,0* º»¼Ž½±Xῒῐ ῎  ῎῎ῌ῍ῐ῏
ῌ ῌ ῎῍ῌ῏ ΐῑ
῍
ῌ ῏῎῍
῍
ῐ῎ ῍ ῏ !"#$%&'
(ῌ )*+,-
./
01+23456789:;' <=
>?@
A;#ῌ
/0+&%'BCD:;5E#῍ 1+5F9;#1
+G
H5IF9;#ῌ +BC4JD῍
῎ ῎ ῏ $%&(ῌ )*5+;KL
1+'DMH'IDM
NO'DG)PQR'SD:;5E#῍ :QR5TU
ῌ $%&(ῌ
'VWD:;5E#῍ X῏῎῏ῌ :YZ
[D῍ῑ
ῌ ῐ
6\;]^
_ ῒ`a
4ΐ ῑ bcdM ῒefghijkl;mnΐ ῎opῌ ῎ῌῌ῔q῏
ῑ῍῕
῍
῏῎῍'rstuv;ῌ ῐ`a4%w
;$%&^4(x῍῍yt BGH z'*5M.
ῑ { |}dM
ῒ~!$€"# ‚ƒ„…mnΐ ῎†‚ῌ ῎ῌ῍῎q῏ ῒῐ῏ῌ ‡
ῐ
_ˆ‰Š‹;`a4ῑ ŒŽῒ῏ ῎ 
῎῎ῌ῍῏q῏ ῏ῑΐ‘5’῍
῎῍῕῏ “” ῒ
•_‚–$—˜™ΐ ῎%&šῌ ῍῕῎ῒq῏ ῎ῑῐ῍
῎῎ῌ῏ “ῌ ῎῍῕῏ ῔ῒ῎῎῔ῒ῏῍
῎῎῍῏ “ῌ ῎῍῕῏ ῔ῒ῏῍
῎῎῎῏ “ῌ ῎῍῕῏ ῔ῒ῏῍
῎῎῏῏ “ῌ ῎῍῕῏ ῔ῒῑ῍
῎῎ῐ῏ ›œ' ῒ^4 ῎ž&῍ ῍ ῏ Ÿΐ ῎ (¡¢ῌ ῍῕ῑῐq῏ ῔ῐ£'¤¥῍
tu¦;ῌ §¨©ª ῒ^4«ῌΐ ῎ˆ¬pῌ X ῎ )ῌ ῎ῌῌ῏q῏ ῍῕῎£῍
῎῎ῑ῏ *+­ ῐ®¯ ῒ`a4ΐ ῎Einrede der Unsicherheit῏ῑ †°± ῑ 
῏  ῎῍῕῏ΐq῏ ῐῐῑ῎ῐῐῒ῍
῎῎ῒ῏ *+ῌ ῎῎ῑ῏ ῐῐΐ῍
῎῎ΐ῏ *+­ ῒ^4 ῎ «῏ΐ ῎²,¡³ῌ ῍῕ῑῒq῏ ΐῑ῍
῎῎῔῏ t´µ¶ ῒ^4ΐ ῎·¸¡-ῌ X ῒ )ῌ ῍῕῏ῒq῏ ῐ῏¦‡¹῍
῎῎῕῏ *+ῌ ῎῎ῑ῏ ῐῐ῔῍
῎῏ῌ῏ *+ῌ ῎῎ῑ῏ ῐῑ῍῍
|‘—¹^"#$kº¦>“»¼ ῎“῏ ῎Y½῏ ,0+
῎῏῍῏ ῌ ῎῎ῑ῏ ῐῑ῎῍
῎῏῎῏ ῌ ῎῎ῑ῏ ῐῑ῎῍
῎῏῏῏ ῌ ῎῎ῑ῏ ῐῑ῏῍
῎῏ῐ῏ ῌ ῎῎ῑ῏ ῐῑῑ῍
῎῏ῑ῏ ῐ
ῑ ῍ῒ ῍ ῌ ῎ ῎῍῕ῒῒ
῏ ῐῒ῎ῌῐῒ῏῍
῎῏ῒ῏ !ῌ "#$%&!'()*&!+,-./01
23' 456(78ῌ 9 !:;.<=>3?@A῍ >!BCῌ
%+,.D>EF8'GGHIJ&KLῌ 3῍ MHῌ "#$
%&!+,HN.OPQῌ GN8RSTU@VWX3'
8ῌ ῐ"#$%&!+,ῑ !VY
Z[?\]@^?_ῌ `a
@V'b7(U c?^3'b ῍ bdῌ ef8ῌ ῐ"#$%&
!+,ῑ Y
3(78 ῐghi$jkl!(ghmnῑ ?opN
qqdrs@^tuv?ῌ RqwxVῌ bdjklyz{|5}
!~3'€V. ῐ"#$%&!+,ῑ -/0123Vῌ U€X
‚@8^U'῍ 2(ƒ !EF?IJ@^3.„o(€x@ῌ R
(€IJ.‚3>…†R?‡ˆGqvA@^3'b ῍ ;.<
=>V3(7ῌ ‰Š‹Œ ῐhŽ6Qyz‘’ ῎“῏ῑ
”῍῍῍ ῏ ῎῍῕῕ῐ῏ ῐ῍῔ῌ •–Œ ῐῒ|‘ΐ —˜h
Mk ῎™ῌš῏ῑ ›œ῎ῌ ῎ ῎῍῕῕῔῏ ῒῐῑ῍
῎῏ΐ῏ ῌ ῎῏ῑ῏ ῐῒῐ῍
῎῏῔῏ ῌ ῎῏ῑ῏ ῐῒῐῌῐῒῑ῍
῎῏῕῏ ῌ ῎῏ῑ῏ ῐῒ῏῍
῎ῐῌ῏ ῌ ῎῏ῑ῏ ῐῒ῏῍
῎ῐ῍῏ ῌ ῎῏ῑ῏ ῐῒΐῌῐῒ῔῍
῎ῐ῎῏ žῌ ῎῍ῑ῏ ῕ῑ῍
῎ῐ῏῏ žῌ ῎῍ῑ῏ ῕ῑῌ῕ῒ῍
῎ῐῐ῏ R…†Ÿ'7ῌ žef89 uv῍ >!BCῌ ῐ $
?¡¢‚—˜£3¤h(€¥+8|¦§.¨©Gª7V «s!¬
.Mk>38]('HNῌ 2(ƒ|¦§.5­( 3? $8
3®Bq῍ 3(7¯°±²³’G'(78´V|
5}.Q>vAµ3¶¥.5·Ž¸GªvAµ3>qdῌ |
,0, ¼½Fš{6@ῒῐ7 ῎ 8 ῏῎ῌ῍ῐῐ
ῒῌ ῍ ῌ ῏῍ῑῐ ῕ῒ῍῕ΐ
῍ ῌ ῑῒ ῌ !"#
$%&
'῍
῏ῐῑῐ ()ῌ ῏῏ῒῐ ῐ῎ῌ῍
῏ῐῒῐ () ῑ*+ ,-./01%23 ῏ῐῒ 456῍῍῍7
ῐ ῌ ῑ 8 ῏῍῕῕ῑῐ ΐ῍ῐ῍ 9:;<%=3>?%23@Aῌ BC
D%EF%GHI"A῍ JKῌ LMNῌMNῌ OP%
ῌ QRS.TU ῏V/TUῐ %:ῌ * WU%XYZU[
\% ] E!"ῌ ^_ῌ QRῌ`:abῌLabc%d#$%X
Y&e%d#$%ῌ 'fg ,h%i%$&j*ῌ '@U%*
%kl%m(c'῍
῏ῐΐῐ ()ῌ ῏῏ῒῐ ῐῌ῍῍
῏ῐ῔ῐ ()ῌ ῏῏ῒῐ ῏῕῔῍ῐῌ῍῍ ῌ )*%+,knῌ -o E
pAFq.r"A#sF'p#῍ -otu/ ῑ)e*ῌve*ῒ )
ΐwxgῌ῔ ῏4@yz{ῌ ῍῕ΐ῏ῐ ῎῏ΐ|}῍
῏ῐ῕ῐ ()ῌ ῏῏ῒῐ ῐ῎῍῍
῏ῑῌῐ () ῑ*+ ,-./01%23ῒ ~ῒῌ8 ῏῍῕῕῔ῐ ῍῔῕
῍
῏ῑ῍ῐ %E ῌ g0€*+ A+,*῎1‚ƒ%
Kῌ „e*…†'$‡%ˆ21‰g%-Š‚ƒ‹ŒI3ῌ Ž
%E-Š‚ƒ‹ŒI3#‘’“”•–ŒI—45 ῌ %&%67'q.r"῍ ˜8™9 ῑ() ΐ*+ ,-.
/01%23 ῏„ῐ ῏ῐ῔ š%'›œῒ 1e:ῒ῔7῍῎8 ῏῍῕῕ῒῐ ῍ῌῌ῍
῍ῌ῎῍
῏ῑ῎ῐ ˜ž%Y*;N1ῌ g23#< AD%EŸ
% #῍ JKῌ ZU¡= AŽ%Z*'s
>¢r" ῌ ¡= A£¤ $*`¥# ῌ Z1U
¦§¨F#I>©r"sῌ ῑ%E>¢b%§_
?Nῌ #ª«¬ c­*;N1%@„%A'ῒ ῍ ˜
ῌ ῏῏ῒῐ ῒῐ῎῍ rI ῌ „e*;NHcFῌ *;Nr"
®¯B pACD°± Œ²sῌ *;N'@U³%´
µ¶·¸’¹’º»”EHF%'῍ JKῌ ῑ*;N'
!rº3»H(®¼½ ῎®῏ ῎c῏ ,0-
ῌ !"#$%ῌ &'()*+,-./
0123῍ 4ῌ 5607 8
9:;4
0<=
>?@ῌ ABCD0
Eῌ FGBHIJK0L12ΐ῍ MNῌOP ῎῏ῒ῏ ῒῐ῏
῍ <Qῌ HIJK7ῌ RGST(UVBWX(
0QYῌ Z[\]Y^*40Q῍ _ῌ `a\
<HIJKῌRG0QbYῌ cdef<= Lg )῍
cd ῔hi῕ ῎jklῌ ῎ῌῌῌ῏ ῍ῌῐῌ῍ῌῑmn῍
῎ῑ῏῏ MNoefp&q ῌ MN ῒ῔!῕ rs_t@
῍῍`a\u4Z[\vwx῍῍ΐ yῒ῍z ῎῍῕῕῕῏ ῎ῌῒLmn῍
῎ῑῐ῏ MNῌOP ῎῏ῒ῏ ῒῐΐ῍
῎ῑῑ῏ MNῌOP ῎῏ῒ῏ ῒῐ῕῍
῎ῑῒ῏ {|)L}uῌ Z[7<Q0(ῌ ~-7
(0L^*4῍ <Q
€7 )
Z[‚D(L0῍ MNῌOP ῎῏ῒ῏ ῒῑ῍῍
῎ῑΐ῏ MNῌOP ῎῏ῒ῏ ῒῑ῎῍
῎ῑ῔῏ MNῌOP ῎῏ῒ῏ ῒῑ῎῍
῎ῑ῕῏ ƒῌOP ῎῍῕῏ ῔ῑ῕„…ῌ †‡ῌOP ῎῎ῐ῏ ῔ῐˆ῍
῎ῒῌ῏ ‰]Šmn῍
῎ῒ῍῏ ‰]‹Š]Œmn῍
῎ῒ῎῏ ‰]‹Š]‹Œ_<]ŽŒmn῍
῎ῒ῏῏ Yq ῌ cῌOP ῎ ῐ ῏ ῍ῑ῍ ῐῌ‘pῑ ῌ ’“B”•
7qqLῌ !"`–%(—˜0™€῍
῎ῒῐ῏ cῌOP ῎ ῐ ῏ ῍ῑ῍ῌ῍ῑ῎ ῐῌ‘pῑ ῌ `a\’hB”
•q
3ῌ š›™œšžu4Ÿ 30g¡(
῍
῎ῒῑ῏ <Qp&0L07 ‹¢£¤ ῔ ῎¥ ῏῕ ῎¦!k§¨©ῌ
῍῕ΐ῔῏ ῒ῔ῌῒ῕3῍
῎ῒῒ῏ _ῌ ƒ"ª0#«€`a\$¬#­®+%¯&30
°±†‡"ªῌ `a\²6H7
ῌ ³<QQ῍ (´ῌ
ῒµ¶µῌ ῐ·¸(0˜0Q0¹± ῑ 4ῌ ~
,0. ·¸_¹“º»ῒῐ¼ ῎ ½ ῎ῌ῍ῐ
!" #$%
&'( )
*"+, -./0123 45
678' 9" :
;<=>?
@A
&B+-./CD,&EF7
)GῌHIJ ῎ῐ ῔ῐ KLE MN-OP"+
L3 QR5STU :;<=>VSWXOP
"+F7E'S+7 Y Z[
ῌHIJ ῎ῐ ῍῕ῐῌ῍῕ῒ,\]
ῒΐ ^_ῌHIJ ῐ ῍ῑ῏ `ῌZ[ \]
ῒ῔ `ῌHIJ ῐ῔ ῎ῐῐ abῌHIJ ῏ῒ ῏῕῔c
ῒ῕ &B+ defgh
KCD7B+,MN-
FE'[,iUS ,B, VFS+
jkl1m
Y5@nop1l@qr
s B0 tp uv7 wxῌHIJ ῏ῒ ῒῑ῍ &' tp MN-gh
K+ MN- lyz{"+tpl|} l
y~"+H
A"+ ef€
tp
SCDi
AS} ‚ƒUS abῌHIJ ῐῒ
ΐῌ῔ „&'}B0CD7B+, …†tp"&
' 4T‡ˆefgh
Kd
MN-AS45
‰
JŠ
ΐῌ abῌHIJ ῏ῒ ῏῕῔ 0‹" Œ- Ž‘’“
&B+”
•S0MN-( VAC–fgh
7CD
—
"+ Œ- Ž‘’“
&Ž•
K+ HIJ
῍ῐ \]
ΐ῍ abῌHIJ ῏ῒ ῏῕῔ efghCD
˜™„H
N- 0U2š Y!›lm-œSST
m1sžš7 '
ΐ῎ S
›"+ wxŸ ¡”¢uv- 4£ N- ¤S' 4¥ Œ6Um1¦§¨©mª5+«
+Œ-¬­uvŽ®¯°'3 US± uv
B+:H
V²³´
&B+ uv-WUµ¶
b¹"º»J 012¼A+ )½ ) …y ,0/
! "# " $%ῌ&'( ῏ῒ ῒῐῑ
ΐ῏ ) *+,-.
/ 0123 456
77839:;<=> 012?@
ABC :3?@!+
"3D
"EF
GHῌ&'( ῎ῐ ῕῍ I ;<=>JK *.
/:012LMNOPQ
<"EF "R S!3T
=> U;<PQ
VK"EF ΐῐ WXῌ&'( ῐῒ ΐ῏῔
ΐῑ ;<=>A YZῌ&'( ῏ῑ ῐῒΐ [.2
)\]@8^_[ /`3- [a@/`3F
=>bEc- "E+,-J "<
ΐῒ WXῌ&'( ῐῒ ΐ῏῔ ;<dS!e fgh
ijklmd"nF ,-J "<
ΐΐ ;<do +pq;KrF:"RJ ῌ&'( ῎ῑ ῐῑῑ I WXῌ&'( ῏ῒ ῒῑ῎Kst
ΐ῔ CISGΐ῍u PICCΐ.῏.ῐu PECL ῔ ῍῍ῌῑust
ΐ῕ v WXῌ&'( ῏ῒ ?ῌ&'( ῐῒ $%ῌ&'( ῍ῌ ?ῌ&'
( ῏ῒ wst I xyῌ&'( ῐ ῍ῑ῍῍῍ῑ῎ zῌ{| Kst
῔ῌ }~ V3I
6 €‚ƒ„ …y
† 7‡ 6€ ˆ ‰ Š NBL῔ΐ῍‹ ῎ῌῌΐŒ ῍ῒ ?῔ΐ῎
‹ ῎ῌῌ῔Œ ΐ῎ ? 6@Ž῍῍ 6€ ‘
῍῍ ’1 ῎ῌῌ῕Œ ? €῍῍b“”“3Œ•–V —˜ ῎ῌ῍῍Œ ™š›œ €v žŸ˜ ῎ῌ῍῍Œ w
st
῔῍ v 6 €¡¢£¤¥3¦§+ S! PECL ῔ ῍
῍ῌῑu PICCΐ.῏.ῐu¨<©€¦§J
"3
ªF 6 €¡¢£¤¥! «E ῌ 6€ ῌ ’1
῎ῌῌ῕Œ ῍῕῍῍῍῕῏st
῔῎ $%ῌ&'( ῏ῒ ῑ῕῔
῔῏ ¬­®¯bI
°„±²ῌ¡¢+ K"³
´µ¶ ¬­®¯bI
b6·῍῍U.C.C.῎῍ῒῌ῕uI;¸
,00 ¹º=»¼½ῒῐ2 ῎ 3 ῎῎ῌ῍ῐ῏
῎ ῎ῑ῍῍῍ῑ
῎῍῕῔ῐ῏ ῍ΐῌ ῌ ! ῎῏ῒ῏ ῑ῕῔ῌ "# ῐ
$%
&'()*$+,-ῑ ./01῏῎2 ῎ 3 ῎῎ῌῌΐ῏ ῒ῕45
67῍
῎῔ῐ῏ UCC 8
9$:;<ῌ => ῒ?@ A:BCDΐ ῎EFGῌ
῍῕῕ῐ῏ $HI;J῍ 4%ῌ UCC K<῎ῌῌ῏$LMNOJ6ῌ P
UCC QRSTUVWXYZ[$\];ῌ Z^<LM
8_\;X῍
῎῔ῑ῏ UCC῔ ῎ ῌῒ῍ῌ.
῎῔ῒ῏ UCC῔ ῎ ῌῒ῍ῌ, Official Comment ῍.
῎῔ΐ῏ UCC῔ ῎ ῌῒ῍ῌ, Official Comment ῎.
῎῔῔῏ Ibid.
῎῔῕῏ UCC῔ ῎ ῌῒ῍ῌ ῎a῏.
῎῕ῌ῏ UCC῔ ῎ ῌῒ῍ῌ ῎b῏.
῎῕῍῏ UCC῔ ῎ ῌῒ῍ῌ ῎c῏.
῎῕῎῏ JAMES J. WHITE
AND
ROBERT S. SUMMERS, UNIFORM COMMERCIAL CODE ῎ΐῐ
῎ ῒ th ed. ῎ῌ῍ῌ῏. `a[4bc^74defgW;<ῌ hiῌ j
klmP ῎demanding῏ ;4Xn^opq ῎begging for῏ rY4st
^7Wuῌ v;Xwkxm$y;z^X{|(}~o7YrY4€t
456*NOX῍
῎῕῏῏ Ibid.
῎῕ῐ῏ UCC῔ ῎ ῌῒῌ῕ ῎ ῍ ῏.
῎῕ῑ῏ UCC῔ ῎ ῌῒῌ῕ ῎ ῍ ῏.
῎῕ῒ῏ UCC῔ ῎ ῌῒῌ῕, Official Comment ῎.
῎῕ΐ῏ Ibid.
῎῕῔῏ UCC῔ ῎ ῌῒῌ῕ ῎ ῍ ῏. 4%ῌ ‚$XY ῐῑ W<ῌ ƒ„;o…[ῌ†[‡
$ˆ]Oo^<4‰ῌ rŠ‹4Œ^7῍ 4Žῌ ῐ6*]OJ
ῒ‘’4ΐ “”u<ῌ •–$+—W‚˜™$š῍ J
Whiῌ €t67›œžW6^ŸWŸ$<ῌ ¡Xstu
]ῌ ¢£$!¤¥&%¢rY4<¦NO4X^7§YWX
Y¨©4ª^ῌ «¬<­®^7῍ ;u;46]ῌ ‚¯°±^ῌ ²³
ŸžW^´]OXg6‚µ¶4;JW;oῌ ‡·¸uῌ 7
©ª«¬­®"E^†N¯qR° q ±² ,01
!"#$%!"&' ()*+ ,-./'#0
1# 2,-. 34567'#789 2,-:;4<
=.>? @A BCDE "FGHI*J56
./K:'LMINO! PQ#R!"&' UCC ῎
ῌῒῌ῕, Official Comment ῐ.
῕῕ UCC ῎ ῌῒῌ῕ ῐ .
῍ῌῌ Gregory S. Crespi, The Adequate Assurances Doctrine After U.C.C. ῎ ῌ
ῒῌ῕ : A Test of the Efficiency of the Common Law, ῏῔ Vill. L. Rev. ῍ΐ῕, ῍῔ῐ
῍῕῕῏.
῍ῌ῍ ῎ E. Allan Farnsworth, FARNSWORTH
ON
CONTRACTS ῑΐ῍ῌῑΐ῎ ῏ ed ed.
῎ῌῌῐ [hereinafter cited as Farnsworth Contracts]. STNO.UV1
#789 2W#:V8STXYSTZ[#78\]%9!#
%1^_#78 McCloskey & Co. v. Minweld Steel Co., ῎῎ῌ F.῎d ῍ῌ῍ ῏ d
Cir. ῍῕ῑῑ. "
῍ῌ῎ `aJbcdefg8STNOhi\
8V1W#*
+j8 Crespi, supra note ῍ῌῌ k:'lm.no78 pq
Erstu STNOhi.v=W#STXYSTZ[w*U
'xyj8z.{)81 p| UCC }]%~Ystu
g8 z*J€ "V1.‚
W#/' ƒ1
PQNO "V1#'1
„…†‡ˆT‰Š‹!".
ŒW#/'Ž%81 #'|‘!" Crespi, supra note
῍ῌῌ, at ῍῔ῐ.
῍ῌ῏ bcdefgSTXYSTZ[w*’J“”j8•–J—˜
.™19#78 Keith A. Rowley, A Brief History of Anticipatory Repudiation in American Contract Law, ῒ῕ U. Cin. L. Rev. ῑῒῑ ῎ῌῌῌῌ῎ῌῌ῍ " (
š›.œ719#78 žŸž STXYSTZ[ w*¡’J“”
¢£¤¥w῎ῌῌ῎¦ ῎ § ῎ῌῌ῎¦ ῏ΐ῕¨
῍ῌῐ George I. Wallach, Anticipatory Repudiation and the UCC, ῍῏ Uniform
Commercial Code Law Journal ῐ῔ ῍῕῔ῌ.
῍ῌῑ Philpotts v. Evans, ῍῔῏῕ ῍ῑ῍ Eng. Rep. ῎ῌῌ Ex.Ch..
῍ῌῒ Id. at ῎ῌ῍.
,02 ^_` abcdῒῐe ῎ f ῎῎ῌ῍ῐ῏
῎῍ῌΐ῏ Id. at ῎ῌ῎.
῎῍ῌ῔῏ R.J. Robertson, Jr., The Right to Demand Adequate Assurance of Due
Performance : Uniform Commercial Code Section , ῌ0*3 and Restatement ῎Second῏ of Contracts Section ,/+, ῏῔ Drake L. Rev. ῏ῌῑ, ῏ῌ῔ ῎῍῕῔῔ῌ῍῕῔῕῏.
῎῍ῌ῕῏ Hochster v. De La Tour, ῎῍῔ῑ῏῏ ῍῍῔ Eng. Rep. ῕῎῎ ῎Q.B.῏.
῎῍῍ῌ῏ Robertson, supra note ῍ῌ῔, at ῏ῌ῔.
῎῍῍῍῏ Hochster, ῍῍῔ Eng. Rep. at ῕῎ῒ.
῎῍῍῎῏ Ibid.
῎῍῍῏῏ E. Hunter Taylor, Jr., The Impact of Article ῎ of the Doctrine of Anticipatory Repudiation, ῕ B.C. Indus. & Com. l. Rev. ῕῍ΐ at ῕῍῔ ῎῍῕ῒΐῌ῍῕ῒ῔῏; Alan G.
Dowling, A Right to Adequate Assurance of Performance in All Transactions :
U.C.C.ῒ , ῌ0*3 Beyond Sales of Goods, ῐ῔ S. Cal. L. Rev. ῍῏ῑ῔ at ῍῏ῒῌ ῎῍῕ΐῐῌ
῍῕ΐῑ῏.
῎῍῍ῐ῏ Frost v. Knight, ῎῍῔ΐ῎῏ L.R. ΐ Ex. ῍῍῍ ῎Ex.Ch.῏.
῎῍῍ῑ῏ Johnstone v. Milling, ῎῍῔῔ῒ῏ ῍ῒ Q.B.D. ῐῒῌ ῎C.A.῏.
῎῍῍ῒ῏ Roehm v. Horst, ῍ΐ῔ U.S. ῍ ῎῍῕ῌῌ῏.
῎῍῍ΐ῏ Robertson, supra note ῍ῌ῔, at ῏ῌ῕.
῎῍῍῔῏ Dingley v. Oler, ῍῍ΐ U.S. ῐ῕ῌ ῎῍῔῔ῒ῏. ῌ Roehm v. Horst
ῌ !"
#$%&'
(&῍ )ῌ *+$%,-ῌ
Roehm v. Horst ./0$%&῍
῎῍῍῕῏ Id. at ῐ῕ῒ.
῎῍῎ῌ῏ Id. at ῑῌ῍ῌῑῌ῎.
῎῍῎῍῏ Id. at ῑῌ῎.
῎῍῎῎῏ Dingley v. Oler 1'23456+$%!78ῌ
9:ῌ;< ῎ ῏ ῏ ῕῔=>< ῎?῏ @'2+AB&῍ BCDῌ ῐEF
GHIFJKLMNOPQRSῌ THUVNOPW
S21XOYῌ Z8B1[&EFO\]
ῑῌ
X῍
῎῍῎῏῏ Dowling, supra note ῍῍῏, at ῍῏ῑ῔.
῎῍῎ῐ῏ Robertson, supra note ῍ῌ῔, at ῏῍ῌ.
῎῍῎ῑ῏ Ibid.
Ž‘j’M0“”X•\+0–— – ˜™ ,03
῍῎ῒ Williston Hochster v. De La Tour !"#
Samuel Williston, Repudiation of Contracts Part + , ῍ῐ Harv. L. Rev. ῏῍ΐ ῍῕ῌῌῌ῍῕ῌ῍; Samuel Williston, Repudiation of Contracts Part , , ῍ῐ Harv. L. Rev. ῐ῎῍ ῍῕ῌῌῌ῍῕ῌ῍. $
Williston %&
H. W. Ballantine '( L. Vold )*%& +,- !./+0%& !"# 1
23$4 5'
0 Henry W. Ballantine, Anticipatory Breach and the Enforcement of Contractual Duties, ῎῎ Mich. L. Rev. ῏῎῕ ῍῕῎ῐῌ
῍῕῎ῐ; Lauriz Vold, Repudiation of Contracts, ῑ Neb. L. Bull. ῎ῒ῕ ῍῕῎ῒῌ῍῕῎ΐ;
Lauriz Vold, Withdrawal of Repudiation After Anticipatory Breach of Contract,
ῑ Tex. L. Rev. ῕ ῍῕῎ῒῌ῍῕῎ΐ; Lauriz Vold, Anticipatory Repudiation of Contracts and Necessity of Election, ῎ῒ Mich. L. Rev. ῑῌ῎ ῍῕῎ΐῌ῍῕῎῔; Lauriz Vold,
The Tort Aspect of Anticipatory Repudiation of Contracts, ῐ῍ Harv L. Rev. ῑῌ῎
῍῕῎ΐῌ῍῕῎῔.
῍῎ΐ Robertson, supra note ῍ῌ῔, at ῏῍῎.
῍῎῔ See Larry T. Garvin, Adequate Assurance of Performance : of Risk, Duress, and Cognition, ῒ῕ U. Colo. L. Rev. ΐ῍, ῔ῑ ῍῕῕῔.
῍῎῕ USAῑῐ 6789:;)<0=>
῍ ?@AB+0=> CD.E!FG
HIJKLMN
O'HI!PQ
0JK RS=> CD.ETCD
UV)0WL O'HIPQ!X/+0:Y!Q+0 +,-
a Z[\+0]'^_`HI)Ja=>
b HI)Z[bc
Ja) Z[d)ef=>
c gK).EhijklN=>
῎ mn
USA ^opqMN
rst uv6wxyz {o|q
} ῍῕ῒ῏~ ῏῍῏RS!€
῍῏ῌ USAῑΐ gK.Ehi‚
JKHI!ƒ„0
?@AB+0=> HIgK).EhijkLM0T W.Ehi
jk…0=> CD.E!FG
JKLMN
HIPQ!†‡
JK O'HI!ˆ‰Š in transitu ƒ„+0$4)L‹0 +
,- JK HI)ˆ‰ŠLM0dT0Œ
L` O'HI
,1* Š‹ŒŽ‘ῒῐ’ ῎ “ ῎ῌ῍ῐ
!"#$$"$%&'()*
'(+
῍῏῍ Larry, supra note ῍῎ΐ, at ΐ῎.
῍῏῎ Robertson, supra note ῍ῌΐ, at ῏῍῎.
῍῏῏ USAῒ῏ ,-./01
῍ 2345$26 under a contract for sell or a sale 7'289 2:;<234#"2=>?$
,-@A"B"CDEF 2G
,-./0HIJ
῎ 2345$26 ,- IKL'M89NO
PQRS@A&T<UEF 2:;<V&#,
-@A"B"CDEF ;W7'89X
Y 5$;W34Z[\#<#$< ,-"0
HIJ& $] ^_`ab_c#T #de 34XfghijTklij
#"
"
ijmn#"o pqrSs"tu$"&_`
῏ vw
῍῏ῐ Robertson, supra note῍ῌΐ, at ῏῍῎.
῍῏ῑ Mark W. Sargis, The Uniform Commercial Code Section , ῌ0*3 : A Return
to Certainty, ῍ῐ J. Marshall L. Rev. ῍῍῏, at ῍῍ΐ n.῏῏ ῍῔ΐῌ.
xy
z{|{} ~€ 34‚ƒ„…†:ij ‡ˆ ῎ῌ῍῏ ‰$