Section 529 – Lessor’s damages for lessee’s default.
70A-2a-529. Lessor’s damages for lessee’s default. (1) After default by the lessee under the lease contract of the type described in Subsection 70A-2a-523(1) or (3)(a), or, if agreed, after any other default by the lessee, if the lessor complies with Subsection (2), the lessor may recover from the lessee as damages: (a) for goods accepted […]
Section 530 – Lessor’s incidental damages.
70A-2a-530. 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. Enacted by Chapter 197, 1990 General […]
Section 531 – Standing to sue third parties for injury to goods.
70A-2a-531. 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: (a) the lessor has a right of action against the third party; and (b) the lessee […]
Section 532 – Additional remedies for loss of residual interest.
70A-2a-532. Additional remedies for loss of residual interest. In addition to any other recovery permitted by this chapter, the lessor shall be entitled to 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 […]
Section 533 – Effective date.
Effective 5/13/2014 70A-2a-533. Effective date. (1) Except as provided in Subsection (2), this act takes effect on July 1, 1990 and shall apply to all lease contracts that are first made or that first become effective between the parties on or after that date, but shall not apply to lease contracts first made or that […]
Section 534 – Other remedies.
70A-2a-534. Other remedies. In addition to the rights and remedies provided for lease agreements and lease disputes in this chapter, a consumer, dealer, lessee, lessor, and manufacturer of assistive technology as defined in Section 70A-2-802 may exercise rights and seek remedies pursuant to any lease agreement under Title 70A, Chapter 2, Part 8, Assistive Technology […]
Section 526 – Lessor’s stoppage of delivery in transit or otherwise.
70A-2a-526. Lessor’s stoppage of delivery in transit or otherwise. (1) A lessor may stop delivery of goods in the possession of a carrier or other bailee if the lessor discovers the lessee to be insolvent and may stop delivery of carload, truckload, planeload, or larger shipments of express or freight if the lessee repudiates or […]
Section 527 – Lessor’s rights to dispose of goods.
70A-2a-527. Lessor’s rights to dispose of goods. (1) After a default by a lessee under the lease contract of the type described in Section 70A-2a-523 or after the lessor refuses to deliver or takes possession of goods as provided in Section 70A-2a-525 or 70A-2a-526, or if agreed, after other default by a lessee, the lessor […]
Section 528 – Lessor’s damages for nonacceptance, failure to pay, repudiation, or other default.
70A-2a-528. 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 as provided in Section 70A-2a-504 or otherwise determined pursuant to agreement of the parties as provided in Sections 70A-1a-302 and 70A-2a-503, if a lessor elects to retain the goods […]
Section 516 – Effect of acceptance of goods — Notice of default — Burden of establishing default after acceptance — Notice of claim or litigation to person answerable over.
70A-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 […]