(2) If the lessor or the lessee is in default under the lease contract, the party seeking enforcement has rights and remedies as provided in this chapter and, except as limited by this chapter, as provided in the lease agreement.
(3) If the lessor or the lessee is in default under the lease contract, the party seeking enforcement may reduce the party’s claim to judgment, or otherwise enforce the lease contract by self-help or any available judicial procedure or nonjudicial procedure, including administrative proceeding, arbitration, or the like, in accordance with this chapter.
(4) Except as otherwise provided in ORS 71.3050 (1), this chapter or the lease agreement, the rights and remedies referred to in subsections (2) and (3) of this section are cumulative.
(5) If the lease agreement covers both real property and goods, the party seeking enforcement may proceed under ORS 72A.5010 to 72A.5310 as to the goods, or under other applicable law as to both the real property and the goods in accordance with that party’s rights and remedies in respect of the real property, in which case ORS 72A.5010 to 72A.5310 do not apply. [1989 c.676 §48; 1993 c.646 §8; 2009 c.181 §37]
Structure 2021 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Section 72A.1030 - Definitions and index of definitions.
Section 72A.1040 - Leases subject to other statutes.
Section 72A.1050 - Territorial application of act to goods covered by certificate of title.
Section 72A.1080 - Unconscionability.
Section 72A.2010 - Statute of frauds.
Section 72A.2020 - Final written expression; parol or extrinsic evidence.
Section 72A.2040 - Formation in general.
Section 72A.2060 - Offer and acceptance in formation of lease contract.
Section 72A.2080 - Modification, rescission and waiver.
Section 72A.2090 - Lessee under finance lease as beneficiary of supply contract.
Section 72A.2100 - Express warranties.
Section 72A.2120 - Implied warranty of merchantability.
Section 72A.2140 - Exclusion or modification of warranties.
Section 72A.2150 - Cumulation and conflict of warranties express or implied.
Section 72A.2170 - Identification.
Section 72A.2180 - Insurance and proceeds.
Section 72A.2190 - Risk of loss.
Section 72A.2200 - Effect of default on risk of loss.
Section 72A.2210 - Casualty to identified goods.
Section 72A.3040 - Subsequent lease of goods by lessor.
Section 72A.3050 - Sale or sublease of goods by lessee.
Section 72A.3080 - Special rights of creditors.
Section 72A.3090 - Lessor’s and lessee’s rights when goods become fixtures.
Section 72A.3095 - Fixture filing recorded and indexed as mortgage.
Section 72A.3100 - Lessor’s and lessee’s rights when goods become accessions.
Section 72A.4010 - Insecurity; adequate assurance of performance.
Section 72A.4020 - Anticipatory repudiation.
Section 72A.4030 - Retraction of anticipatory repudiation.
Section 72A.4040 - Substituted performance.
Section 72A.4050 - Excused performance.
Section 72A.4060 - Procedure on excused performance.
Section 72A.4070 - Irrevocable promises; finance leases.
Section 72A.5010 - Default; procedure.
Section 72A.5030 - Modification or impairment of rights and remedies.
Section 72A.5040 - Liquidation of damages.
Section 72A.5060 - Statute of limitations.
Section 72A.5070 - Proof of market rent; time and place.
Section 72A.5080 - Lessee’s remedies.
Section 72A.5090 - Lessee’s rights on improper delivery; rightful rejection.
Section 72A.5100 - Installment lease contracts; rejection and default.
Section 72A.5110 - Merchant lessee’s duties as to rightfully rejected goods.
Section 72A.5120 - Lessee’s duties as to rightfully rejected goods.
Section 72A.5130 - Cure by lessor of improper tender or delivery; replacement.
Section 72A.5140 - Waiver of lessee’s objections.
Section 72A.5150 - Acceptance of goods.
Section 72A.5170 - Revocation of acceptance of goods.
Section 72A.5180 - Cover; substitute goods.
Section 72A.5200 - Lessee’s incidental and consequential damages.
Section 72A.5210 - Lessee’s right to specific performance or replevin.
Section 72A.5220 - Lessee’s right to goods on lessor’s insolvency.
Section 72A.5230 - Lessor’s remedies.
Section 72A.5240 - Lessor’s right to identify goods to lease contract.
Section 72A.5250 - Lessor’s right to possession of goods.
Section 72A.5260 - Lessor’s stoppage of delivery in transit or otherwise.
Section 72A.5270 - Lessor’s rights to dispose of goods.
Section 72A.5280 - Lessor’s damages for default.
Section 72A.5290 - Lessor’s action for the rent.
Section 72A.5310 - Standing to sue third parties for injury to goods.