11 §2-1532. Lessor’s rights to residual interest
§2-1532. Lessor’s rights to residual interest In addition to any other recovery permitted by this Article 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. […]
11 §2-1527. Lessor’s rights to dispose of goods
§2-1527. Lessor’s rights to dispose of goods (1). After a default by a lessee under the lease contract of the type described in section 2‑1523, subsection (1) or section 2‑1523, subsection (3), paragraph (a) or after the lessor refuses to deliver or takes possession of goods (section 2‑1525 or section 2‑1526), or, if agreed, after […]
11 §2-1528. Lessor’s damages for nonacceptance, failure to pay, repudiation or other default
§2-1528. 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 2‑1504) or otherwise determined pursuant to agreement of the parties, (section 1‑1302 and section 2‑1503), if a lessor elects to retain the goods or a lessor elects to […]
11 §2-1529. Lessor’s action for the rent
§2-1529. Lessor’s action for the rent (1). After default by the lessee under the lease contract of the type described in section 2‑1523, subsection (1) or section 2‑1523, subsection (3), paragraph (a) or, if agreed, after other default by the lessee, if the lessor complies with subsection (2), the lessor may recover from the lessee […]
11 §2-1530. Lessor’s incidental damages
§2-1530. 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. [PL 1991, c. 805, §4 […]
11 §2-1531. Standing to sue third parties for injury to goods
§2-1531. 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, the lessor has a right of action against the third party, and the lessee also has […]
11 §2-1516. Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over
§2-1516. Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over (1). A lessee must pay rent for any goods accepted in accordance with the lease contract, with due allowance for goods rightfully rejected or not delivered. [PL 1991, c. 805, […]
11 §2-1517. Revocation of acceptance of goods
§2-1517. 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 […]
11 §2-1518. Cover; substitute goods
§2-1518. Cover; substitute goods (1). After a default by a lessor under the lease contract of the type described in section 2‑1508, subsection (1), or, if agreed, after other default by the lessor, the lessee may cover by making any purchase or lease of or contract to purchase or lease goods in substitution for those […]
11 §2-1519. Lessee’s damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods
§2-1519. Lessee’s damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods (1). Except as otherwise provided with respect to damages liquidated in the lease agreement (section 2‑1504), or otherwise determined pursuant to agreement of the parties (section 1‑1302 and section 2‑1503) if a lessee elects not to cover or a […]