NRS 104A.2405 – Excused performance.
Subject to NRS 104A.2404 on substituted performance, the following rules apply: 1. Delay in delivery or nondelivery in whole or in part by a lessor or a supplier who complies with subsections 2 and 3 is not a default under the lease contract if performance as agreed has been made impracticable by the occurrence of […]
NRS 104A.2406 – Procedure on excused performance.
1. If the lessee receives notification of a material or indefinite delay or an allocation justified under NRS 104A.2405, the lessee may by written notification to the lessor as to any goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole lease contract is […]
NRS 104A.2407 – Irrevocable promises: Finance leases.
1. In the case of a finance lease that is not a consumer lease the lessee’s promises under the lease contract become irrevocable and independent upon the lessee’s acceptance of the goods. 2. A promise that has become irrevocable and independent under subsection 1: (a) Is effective and enforceable between the parties, and by or […]