(a) Cancel the lease contract as provided in ORS 72A.5050;
(b) Proceed respecting goods not identified to the lease contract as provided in ORS 72A.5240;
(c) Withhold delivery of the goods and take possession of goods previously delivered as provided in ORS 72A.5250;
(d) Stop delivery of the goods by any bailee as provided in ORS 72A.5260;
(e) Dispose of the goods and recover damages as provided in ORS 72A.5270, retain the goods and recover damages as provided in ORS 72A.5280, or in a proper case recover rent as provided in ORS 72A.5290; or
(f) Exercise any other rights or pursue any other remedies provided in the lease contract.
(2) If a lessor does not fully exercise a right or obtain a remedy to which the lessor is entitled under subsection (1) of this section, the lessor may recover the loss resulting in the ordinary course of events from the lessee’s default as determined in any reasonable manner, together with incidental damages, less expenses saved in consequence of the lessee’s default.
(3) If a lessee is otherwise in default under a lease contract, the lessor may exercise the rights and pursue the remedies provided in the lease contract, which may include a right to cancel the lease. In addition, unless otherwise provided in the lease contract:
(a) If the default substantially impairs the value of the lease contract to the lessor, the lessor may exercise the rights and pursue the remedies provided in subsection (1) or (2) of this section; or
(b) If the default does not substantially impair the value of the lease contract to the lessor, the lessor may recover as provided in subsection (2) of this section. [1989 c.676 §70; 1993 c.646 §15; 1995 c.79 §22]
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.