Section 28-12-524 – LESSOR’S RIGHT TO IDENTIFY GOODS TO LEASE CONTRACT.
28-12-524. LESSOR’S RIGHT TO IDENTIFY GOODS TO LEASE CONTRACT. (1) After default by the lessee under the lease contract of the type described in section 28-12-523(1) or section 28-12-523(3)(a) or, if agreed, after other default by the lessee, the lessor may: (a) Identify to the lease contract conforming goods not already identified if at the […]
Section 28-12-525 – LESSOR’S RIGHT TO POSSESSION OF GOODS.
28-12-525. LESSOR’S RIGHT TO POSSESSION OF GOODS. (1) If a lessor discovers the lessee to be insolvent, the lessor may refuse to deliver the goods. (2) After a default by the lessee under the lease contract of the type described in section 28-12-523(1) or 28-12-523(3)(a) or, if agreed, after other default by the lessee, the […]
Section 28-12-526 – LESSOR’S STOPPAGE OF DELIVERY IN TRANSIT OR OTHERWISE.
28-12-526. LESSOR’S STOPPAGE OF DELIVERY IN TRANSIT OR OTHERWISE. (1) A lessor may stop delivery of goods in the possession of a carrier or other bailee if the lessor discovers the lessee to be insolvent and may stop delivery of carload, truckload, planeload or larger shipments of express or freight if the lessee repudiates or […]
Section 28-12-527 – LESSOR’S RIGHTS TO DISPOSE OF GOODS.
28-12-527. LESSOR’S RIGHTS TO DISPOSE OF GOODS. (1) After a default by a lessee under the lease contract of the type described in section 28-12-523(1) or 28-12-523(3)(a) or after the lessor refuses to deliver or takes possession of goods (section 28-12-525 or 28-12-526), or, if agreed, after other default by a lessee, the lessor may […]
Section 28-12-528 – LESSOR’S DAMAGES FOR NONACCEPTANCE, FAILURE TO PAY, REPUDIATION, OR OTHER DEFAULT.
28-12-528. LESSOR’S DAMAGES FOR NONACCEPTANCE, FAILURE TO PAY, REPUDIATION, OR OTHER DEFAULT. (1) Except as otherwise provided with respect to damages liquidated in the lease agreement (section 28-12-504) or otherwise determined pursuant to agreement of the parties (sections 28-1-302 and 28-12-503), if a lessor elects to retain the goods or a lessor elects to dispose […]
Section 28-12-529 – LESSOR’S ACTION FOR THE RENT.
28-12-529. LESSOR’S ACTION FOR THE RENT. (1) After default by the lessee under the lease contract of the type described in section 28-12-523(1) or 28-12-523(3)(a) or, if agreed, after other default by the lessee, if the lessor complies with the provisions of subsection (2) of this section, the lessor may recover from the lessee as […]
Section 28-12-530 – LESSOR’S INCIDENTAL DAMAGES.
28-12-530. LESSOR’S INCIDENTAL DAMAGES. Incidental damages to an aggrieved lessor include any commercially reasonable charges, expenses or commissions incurred in stopping delivery, in the transportation, care and custody of goods after the lessee’s default, in connection with return or disposition of the goods, or otherwise resulting from the default. History: [28-12-530, added 1993, ch. 287, […]
Section 28-12-531 – STANDING TO SUE THIRD PARTIES FOR INJURY TO GOODS.
28-12-531. STANDING TO SUE THIRD PARTIES FOR INJURY TO GOODS. (1) 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 (i) the lessor has a right of action against the third party, and (ii) the lessee […]
Section 28-12-532 – LESSOR’S RIGHTS TO RESIDUAL INTEREST.
28-12-532. LESSOR’S RIGHTS TO RESIDUAL INTEREST. In addition to any other recovery permitted in 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. […]
Section 28-12-517 – REVOCATION OF ACCEPTANCE OF GOODS.
28-12-517. REVOCATION OF ACCEPTANCE OF GOODS. (1) 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: (a) Except in the case of a finance lease, on the reasonable assumption that its nonconformity would be cured and it has […]