Section 7-2A-101 – Short Title.
Section 7-2A-101 Short title. This article shall be known and may be cited as the Uniform Commercial Code – Leases. (Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §101.)
Section 7-2A-102 – Scope.
Section 7-2A-102 Scope. This article applies to any transaction, regardless of form, that creates a lease, as defined in Section 7-2A-103(1)(j). (Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §102.)
Section 7-2A-103 – Definitions and Index of Definitions.
Section 7-2A-103 Definitions and index of definitions. (1) In this article 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 or her is in violation of the ownership rights or security interest or leasehold interest of a […]
Section 7-2A-104 – Leases Subject to Other Statutes.
Section 7-2A-104 Leases subject to other statutes. (1) A lease, although subject to this article, is also subject to any applicable: (a) certificate of title statute of this state; (b) certificate of title statute of another jurisdiction (Section 7-2A-105); or (c) consumer protection statute of this state. (2) In case of conflict between this article, […]
Section 7-2A-105 – Territorial Application of Article to Goods Covered by Certificate of Title.
Section 7-2A-105 Territorial application of article to goods covered by certificate of title. Subject to the provisions of Sections 7-2A-304(3) and 7-2A-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 […]
Section 7-2A-106 – Limitation on Power of Parties to Consumer Lease to Choose Applicable Law and Judicial Forum.
Section 7-2A-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 in which (a) the lessee resides at the time the lease agreement becomes enforceable or within 30 […]
Section 7-2A-107 – Waiver or Renunciation of Claim or Right After Default.
Section 7-2A-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. (Acts 1992, 2nd Ex. Sess., No. 92-700, […]
Section 7-2A-108 – Unconscionability.
Section 7-2A-108 Unconscionability. (1) If the court as a matter of law finds a lease contract or any clause of a lease contract to have been unconscionable at the time it was made the court may refuse to enforce the lease contract, or it may enforce the remainder of the lease contract without the unconscionable […]
Section 7-2A-109 – Option to Accelerate at Will.
Section 7-2A-109 Option to accelerate at will. (1) A term providing that one party or his or her successor in interest may accelerate payment or performance or require collateral or additional collateral “at will” or “when he or she deems himself or herself insecure” or in words of similar import must be construed to mean […]