(a) Right of buyer to terminate or modify contract.-- Where the buyer receives notification of a material or indefinite delay or an allocation justified under section 2615 (relating to excuse by failure of presupposed conditions) 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 division relating to breach of installment contracts (section 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) Time limitation on modification.-- If after receipt of such notification from the seller the buyer fails so to modify the contract within a reasonable time not exceeding 30 days the contract lapses with respect to any deliveries affected. (c) Effect of agreement on section.-- The provisions of this section may not be negated by agreement except insofar as the seller has assumed a greater obligation under section 2615. CHAPTER 27 REMEDIES Sec. 2701. Remedies for breach of collateral contracts not impaired. 2702. Remedies of seller on discovery of insolvency of buyer. 2703. Remedies of seller in general. 2704. Right of seller to identify goods to contract notwithstanding breach or to salvage unfinished goods. 2705. Stoppage by seller of delivery in transit or otherwise. 2706. Resale by seller including contract for resale. 2707. "Person in the position of a seller." 2708. Damages of seller for nonacceptance or repudiation. 2709. Action for the price. 2710. Incidental damages of seller. 2711. Remedies of buyer in general; security interest of buyer in rejected goods. 2712. "Cover"; procurement by buyer of substitute goods. 2713. Damages of buyer for nondelivery or repudiation. 2714. Damages of buyer for breach in regard to accepted goods. 2715. Incidental and consequential damages of buyer. 2716. Right of buyer to specific performance or replevin. 2717. Deduction of damages from price. 2718. Liquidation or limitation of damages; deposits. 2719. Contractual modification or limitation of remedy. 2720. Effect of "cancellation" or "rescission" on claims for antecedent breach. 2721. Remedies for fraud. 2722. Who can sue third parties for injury to goods. 2723. Proof of market price: time and place. 2724. Admissibility of market quotations. 2725. Statute of limitations in contracts for sale.
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