Section 2A-217 – Identification
Identification of goods as goods to which a lease contract refers may be made at any time and in any manner explicitly agreed to by the parties. In the absence of explicit agreement, identification occurs: (a) When the lease contract is made if the lease contract is for a lease of goods that are existing and […]
Section 2A-202 – Final Written Expression: Parol or Extrinsic Evidence
Terms with respect to which the confirmatory memoranda of the parties agree or which are otherwise set forth in a writing intended by the parties as a final expression of their agreement with respect to such terms as are included therein may not be contradicted by evidence of any prior agreement or of a contemporaneous […]
Section 2A-218 – Insurance and Proceeds
(1) A lessee obtains an insurable interest when existing goods are identified to the lease contract even though the goods identified are nonconforming and the lessee has an option to reject them. (2) If a lessee has an insurable interest only by reason of the lessor’s identification of the goods, the lessor, until default or insolvency or […]
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.