The party required to perform first may suspend its performance if it has conclusive evidence establishing that the other party is in any of the following circumstances: (1) its business has seriously deteriorated; (2) it has engaged in transfer of assets or withdrawal of funds for the purpose of evading debts; (3) it has lost its business creditworthiness; and (4) it is in any other circumstance which will or may cause it to lose its ability to perform.