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Part 1 - General Provisions
§ 4-2A-101. Short title - This chapter shall be known and may be cited as...
§ 4-2A-102. Scope - This chapter applies to any transaction, regardless of form, that...
§ 4-2A-103. Definitions and index of definitions - (a) In this chapter unless the context otherwise requires: (1)...
§ 4-2A-104. Leases subject to other law - (a) A lease, although subject to this chapter, is also...
§ 4-2A-105. Territorial application of chapter to goods covered by certificate of title - Subject to the provisions of §§ 4-2A-304(3) and 4-2A-305(3), with...
§ 4-2A-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...
§ 4-2A-107. Waiver or renunciation of claim or right after default - Any claim or right arising out of an alleged default...
§ 4-2A-108. Unconscionability - (1) If the court as a matter of law finds...
§ 4-2A-109. Option to accelerate at will - (1) A term providing that one party or his or...
§ 4-2A-110. Terminal rental adjustment clauses for vehicle leases — Not sales or security interests - In the case of motor vehicles and trailers, notwithstanding any...
Part 2 - Formation and Construction of Lease Contract
§ 4-2A-201. Statute of frauds - (a) A lease contract is not enforceable by way of...
§ 4-2A-202. Final written expression — Parol or extrinsic evidence - Terms with respect to which the confirmatory memoranda of the...
§ 4-2A-203. Seals inoperative - The affixing of a seal to a writing evidencing a...
§ 4-2A-204. Formation in general - (1) A lease contract may be made in any manner...
§ 4-2A-205. Firm offers - An offer by a merchant to lease goods to or...
§ 4-2A-206. Offer and acceptance in formation of lease contract - (1) Unless otherwise unambiguously indicated by the language or circumstances,...
§ 4-2A-208. Modification — Rescission — Waiver - (1) An agreement modifying a lease contract needs no consideration...
§ 4-2A-209. Lessee under finance lease as beneficiary of supply contract - (1) The benefit of a supplier's promises to the lessor...
§ 4-2A-210. Express warranties - (a) Express warranties by the lessor are created as follows:...
§ 4-2A-211. Warranties against interference and against infringement — Lessee's obligation against infringement - (1) There is in a lease contract a warranty that...
§ 4-2A-212. Implied warranty of merchantability - (a) Except in a finance lease, a warranty that the...
§ 4-2A-213. Implied warranty of fitness for particular purpose - Except in a finance lease, if the lessor at the...
§ 4-2A-214. Exclusion or modification of warranties - (a) Words or conduct relevant to the creation of an...
§ 4-2A-215. Cumulation and conflict of warranties express or implied - Warranties, whether express or implied, must be construed as consistent...
§ 4-2A-216. Third-party beneficiaries of express and implied warranties - A warranty to or for the benefit of a lessee...
§ 4-2A-217. Identification - Identification of goods as goods to which a lease contract...
§ 4-2A-218. Insurance and proceeds - (1) A lessee obtains an insurable interest when existing goods...
§ 4-2A-219. Risk of loss - (a) Except in the case of a finance lease, risk...
§ 4-2A-220. Effect of default on risk of loss - (a) Where risk of loss is to pass to the...
§ 4-2A-221. Casualty to identified goods - If a lease contract requires goods identified when the lease...
Part 3 - Effect of Lease Contract
§ 4-2A-301. Enforceability of lease contract - Except as otherwise provided in this chapter, a lease contract...
§ 4-2A-302. Title to and possession of goods - Except as otherwise provided in this chapter, each provision of...
§ 4-2A-303. Alienability of party's interest under lease contract or of lessor's residual interest in goods — Delegation of performance — Transfer of rights - (a) As used in this section, “creation of a security...
§ 4-2A-304. Subsequent lease of goods by lessor - (a) Subject to § 4-2A-303, a subsequent lessee from a...
§ 4-2A-305. Sale or sublease of goods by lessee - (a) Subject to the provisions of § 4-2A-303, a buyer...
§ 4-2A-306. Priority of certain liens arising by operation of law - If a person in the ordinary course of his or...
§ 4-2A-307. Priority of liens arising by attachment or levy on, security interests in, and other claims to goods - (1) Except as otherwise provided in § 4-2A-306, a creditor...
§ 4-2A-308. Special rights of creditors - (1) A creditor of a lessor in possession of goods...
§ 4-2A-309. Lessor's and lessee's rights when goods become fixtures - (a) In this section: (1) goods are “fixtures” when they...
§ 4-2A-310. Lessor's and lessee's rights when goods become accessions - (a) Goods are “accessions” when they are installed in or...
§ 4-2A-311. Priority subject to subordination - Nothing in this chapter prevents subordination by agreement by any...
Part 4 - Performance of Lease Contract: Repudiated, Substituted and Excused
§ 4-2A-401. Insecurity — Adequate assurance of performance - (1) A lease contract imposes an obligation on each party...
§ 4-2A-402. Anticipatory repudiation - If either party repudiates a lease contract with respect to...
§ 4-2A-403. Retraction of anticipatory repudiation - (1) Until the repudiating party's next performance is due, the...
§ 4-2A-404. Substituted performance - (1) If without fault of the lessee, the lessor and...
§ 4-2A-405. Excused performance - Subject to § 4-2A-404 on substituted performance, the following rules...
§ 4-2A-406. Procedure on excused performance - (a) If the lessee receives notification of a material or...
§ 4-2A-407. Irrevocable promises — Finance leases - (a) In the case of a finance lease that is...
Part 5 - Default
§ 4-2A-501. Default — Procedure - (1) Whether the lessor or the lessee is in default...
§ 4-2A-502. Notice after default - Except as otherwise provided in this chapter or the lease...
§ 4-2A-503. Modification or impairment of rights and remedies - (1) Except as otherwise provided in this chapter, the lease...
§ 4-2A-504. Liquidation of damages - (a) Damages payable by either party for default, or any...
§ 4-2A-505. Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies - (1) On cancellation of the lease contract, all obligations that...
§ 4-2A-506. Statute of limitations - (1) An action for default under a lease contract, including...
§ 4-2A-507. Proof of market rent — Time and place - (1) Damages based on market rent (§ 4-2A-519 or §...
§ 4-2A-508. Lessee's remedies - (a) If a lessor fails to deliver the goods in...
§ 4-2A-509. Lessee's rights on improper delivery — Rightful rejection - (1) Subject to the provisions of § 4-2A-510 on default...
§ 4-2A-510. Installment lease contracts — Rejection and default - (1) Under an installment lease contract a lessee may reject...
§ 4-2A-511. Merchant lessee's duties as to rightfully rejected goods - (1) Subject to any security interest of a lessee (§...
§ 4-2A-512. Lessee's duties as to rightfully rejected goods - (a) Except as otherwise provided with respect to goods that...
§ 4-2A-513. Cure by lessor of improper tender or delivery — Replacement - (1) If any tender or delivery by the lessor or...
§ 4-2A-514. Waiver of lessee's objections - (a) In rejecting goods, a lessee's failure to state a...
§ 4-2A-515. Acceptance of goods - (a) Acceptance of goods occurs after the lessee has had...
§ 4-2A-516. Effect of acceptance of goods — Notice of default — Burden of establishing default after acceptance — Notice of claim or litigation to person answerable over - (a) A lessee must pay rent for any goods accepted...
§ 4-2A-517. Revocation of acceptance of goods - (a) A lessee may revoke acceptance of a lot or...
§ 4-2A-518. Cover — Substitute goods - (1) After a default by a lessor under the lease...
§ 4-2A-519. Lessee's damages for non-delivery, repudiation, default, and breach of warranty in regard to accepted goods - (1) Except as otherwise provided with respect to damages liquidated...
§ 4-2A-520. Lessee's incidental and consequential damages - (1) Incidental damages resulting from a lessor's default include expenses...
§ 4-2A-521. Lessee's right to specific performance or replevin - (1) Specific performance may be decreed if the goods are...
§ 4-2A-522. Lessee's right to goods on lessor's insolvency - (1) Subject to subsection (2) and even though the goods...
§ 4-2A-523. Lessor's remedies - (a) If a lessee wrongfully rejects or revokes acceptance of...
§ 4-2A-524. Lessor's right to identify goods to lease contract - (a) After default by the lessee under the lease contract...
§ 4-2A-525. Lessor's right to possession of goods - (1) If a lessor discovers the lessee to be insolvent,...
§ 4-2A-526. Lessor's stoppage of delivery in transit or otherwise - (a) A lessor may stop delivery of goods in the...
§ 4-2A-527. Lessor's rights to dispose of goods - (1) After a default by a lessee under the lease...
§ 4-2A-528. Lessor's damages for non-acceptance, failure to pay, repudiation, or other default - (1) Except as otherwise provided with respect to damages liquidated...
§ 4-2A-529. Lessor's action for the rent - (a) After default by the lessee under the lease contract...
§ 4-2A-530. Lessor's incidental damages - Incidental damages to an aggrieved lessor include any commercially reasonable...
§ 4-2A-531. Standing to sue third parties for injury to goods - (1) If a third party so deals with goods that...
§ 4-2A-532. Lessor's rights to residual interest - In addition to any other recovery permitted by this chapter...