Section 2A-523 – Lessor’s Remedies
(1) 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 any goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole lease […]
Section 2A-524 – Lessor’s Right to Identify Goods to Lease Contract
(1) A lessor aggrieved under § 2A-523 may: (a) Identify to the lease contract conforming goods not already identified if at the time the lessor learned of the default they were in the lessor’s or the supplier’s possession or control; and (b) Dispose of goods (§ 2A-527(1)) that demonstrably have been intended for the particular lease contract even […]
Section 2A-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 § 2A-523(1) or § 2A-523(3)(a), or, if agreed, on other default by the lessee, the lessor has the right to take possession of […]
Section 2A-510 – Installment Lease Contracts Rejection and Default
(1) Under an installment lease agreement, a lessee may reject any delivery that is nonconforming if the nonconformity substantially impairs the value of that delivery and cannot be cured or the nonconformity is a defect in the required documents; but if the nonconformity does not fall within subsection (2) and the lessor or the supplier gives […]
Section 2A-511 – Merchant Lessee’s Duties as to Rightfully Rejected Goods
(1) If a lessor or a supplier has no agent or place of business at the market of rejection, a merchant lessee, after rejection of goods in his (or her) possession or control, shall follow any reasonable instructions received from the lessor or the supplier with respect to the goods. In the absence of those instructions, […]
Section 2A-512 – Lessee’s Duties as to Rightfully Rejected Goods
(1) Except as otherwise provided with respect to goods that threaten to decline in value speedily (§ 2A-511): (a) The lessee, after rejection of goods in the lessee’s possession, shall hold them with reasonable care at the lessor’s or supplier’s disposition for a reasonable time after the lessee’s seasonable notification of rejection; (b) If the lessor or the […]
Section 2A-513 – Cure by Lessor of Improper Tender or Delivery; Replacement
(1) If any tender or delivery by the lessor or the supplier is rejected because it is nonconforming and the time for performance has not yet expired, the lessor or the supplier may seasonably notify the lessee of the lessor’s or the supplier’s intention to cure and may then make a conforming delivery within the time […]
Section 2A-514 – Waiver of Lessee’s Objections
(1) In rejecting goods, a lessee’s failure to state a particular defect that is ascertainable by reasonable inspection precludes the lessee from relying on the defect to justify rejection or to establish default: (a) If, stated seasonably, the lessor or the supplier could have cured it (§ 2A-513); or (b) Between merchants if the lessor or the supplier […]
Section 2A-515 – Acceptance of Goods
(1) Acceptance of goods occurs after the lessee has had a reasonable opportunity to inspect the goods and (a) The lessee signifies or acts with respect to the goods in a manner that signifies to the lessor or the supplier that the goods are conforming or that the lessee will take or retain them in spite of […]
Section 2A-516 – 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. (2) A lessee’s acceptance of goods precludes rejection of the goods accepted. In the case of a finance lease, other than a consumer lease in which the supplier assisted in the […]