Section 2A-204 – Formation in General
(1) A lease contract may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of a lease contract. (2) An agreement sufficient to constitute a lease contract may be found although the moment of its making is undetermined. (3) Although one or more terms are left open, a lease […]
Section 2A-205 – Firm Offers
An offer by a merchant to lease goods to or from another person in a signed writing that by its terms gives assurance it will be held open is not revocable, for lack of consideration, during the time stated or, if no time is stated, for a reasonable time, but in no event may the […]
Section 2A-206 – Offer and Acceptance in Formation of Lease Contract
(1) Unless otherwise unambiguously indicated by the language or circumstances, an offer to make a lease contract must be construed as inviting acceptance in any manner and by any medium reasonable in the circumstances. (2) If the beginning of a requested performance is a reasonable vote of acceptance, an offeror who is not notified of acceptance within […]
Section 2A-101 – Short Title
This title shall be known and may be cited as the Maryland Uniform Commercial Code – Leases.
Section 2A-102 – Scope
This title applies to any transaction, regardless of form, that creates a lease.
Section 2A-103 – Definitions and Index of Definitions
(1) In this title unless the context otherwise requires: (a) “Buyer in ordinary course of business” means a person who in good faith and without knowledge that the sale to him is in violation of the ownership rights or security interest or leasehold interest of a third party in the goods buys in ordinary course from a […]
Section 2A-104 – Leases Subject to Other Laws
(1) Except as provided in subsection (4) of this section, a lease, although subject to this title, is also subject to any applicable: (a) Statute of the United States; (b) Certificate of title statute of this State; (c) Certificate of title statute of another jurisdiction (§ 2A-105); or (d) Consumer protection statute of this State. (2) In case of conflict between […]
Section 2A-105 – Territorial Application of Article to Goods Covered by Certificate of Title
Subject to the provisions of §§ 2A-304(3) and 2A-305(3), with respect to goods covered by a certificate of title issued under a statute of this State or of another jurisdiction, compliance and the effect of compliance or noncompliance with a certificate of title statute are governed by the law (including the conflict of laws rules) […]
Section 2A-106 – Limitation on Power of Parties to Consumer Lease to Choose Applicable Law and Judicial Forum
(1) If the law chosen by the parties to a consumer lease is that of a jurisdiction other than a jurisdiction: (a) in which the lessee resides at the time the lease agreement becomes enforceable or within 30 days thereafter; (b) in which the goods are to be used; or (c) if the goods are to […]
Section 2A-107 – Waiver or Renunciation of Claim or Right After Default
Any claim or right arising out of an alleged default or breach of warranty may be discharged in whole or in part without consideration by a written waiver or renunciation signed and delivered by the aggrieved party.