Sec. 45.12.531. Standing to sue third parties for injury to goods.
(a) If a third party so deals with goods that have been identified to a lease contract as to cause actionable injury to a party to the lease contract (1) the lessor has a right of action against the third party; and (2) the lessee also has a right of action against the third party […]
Sec. 45.12.532. Lessor’s rights regarding residual interest.
In addition to any other recovery permitted by this chapter or other law, the lessor may recover from the lessee an amount that will fully compensate the lessor for any loss of or damage to the lessor’s residual interest in the goods caused by the default of the lessee.
Sec. 45.12.517. Revocation of acceptance of goods.
(a) A lessee may revoke acceptance of a lot or commercial unit whose nonconformity substantially impairs its value to the lessee if the lessee has accepted it, (1) except in the case of a finance lease, on the reasonable assumption that its nonconformity would be cured and it has not been seasonably cured; or (2) […]
Sec. 45.12.518. Cover; substitute goods.
(a) After a default, by a lessor under the lease contract, of the type described in AS 45.12.508(a), or, if agreed, after other default by the lessor, the lessee may cover by making a purchase or lease of or contract to purchase or lease goods in substitution for those due from the lessor. (b) Except […]
Sec. 45.12.519. Lessee’s damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods.
(a) Except as otherwise provided under AS 45.12.504 with respect to damages liquidated in the lease agreement or otherwise determined under agreement of the parties under AS 45.01.302 and AS 45.12.503, if a lessee elects not to cover or a lessee elects to cover and the cover is by lease agreement that for any reason […]
Sec. 45.12.520. Lessee’s incidental and consequential damages.
(a) Incidental damages resulting from a lessor’s default include expenses reasonably incurred in inspection, receipt, transportation, and care and custody of goods rightfully rejected or goods the acceptance of which is justifiably revoked, any commercially reasonable charges, expenses, or commissions in connection with effecting cover, and any other reasonable expense incident to the default. (b) […]
Sec. 45.12.521. Lessee’s right to specific performance or replevin.
(a) Specific performance may be decreed if the goods are unique or in other proper circumstances. (b) A decree for specific performance may include any terms and conditions as to payment of the rent, damages, or other relief that the court considers just. (c) A lessee has a right of replevin, detinue, sequestration, claim and […]
Sec. 45.12.522. Lessee’s right to goods on lessor’s insolvency.
(a) Subject to (b) of this section and even though the goods have not been shipped, a lessee who has paid a part or all of the rent and security for goods identified to a lease contract under AS 45.12.217 on making and keeping good a tender of any unpaid portion of the rent and […]
Sec. 45.12.523. Lessor’s remedies.
(a) If a lessee wrongfully rejects or revokes acceptance of goods or fails to make a payment when due or repudiates with respect to a part or the whole, then, with respect to the goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole […]
Sec. 45.12.524. Lessor’s right to identify goods to lease contract.
(a) After default, by the lessee under the lease contract, of the type described in AS 45.12.523(a) or (c)(1) or, if agreed, after other default by the lessee, the lessor may (1) identify to the lease contract conforming goods not already identified if at the time the lessor learned of the default they were in […]