(1) Subject to subsection (2) and even though the goods have not been shipped, a lessee who has paid a part or all of the rent and security for goods identified to a lease contract (Section 7-2A-217) on making and keeping good a tender of any unpaid portion of the rent and security due under the lease contract may recover the goods identified from the lessor if the lessor becomes insolvent within 10 days after receipt of the first installment of rent and security.
(2) A lessee acquires the right to recover goods identified to a lease contract only if they conform to the lease contract.
Structure Code of Alabama
Division B - Default by Lessor.
Section 7-2A-508 - Lessee's Remedies.
Section 7-2A-509 - Lessee's Rights on Improper Delivery; Rightful Rejection.
Section 7-2A-510 - Installment Lease Contracts: Rejection and Default.
Section 7-2A-511 - Merchant Lessee's Duties as to Rightfully Rejected Goods.
Section 7-2A-512 - Lessee's Duties as to Rightfully Rejected Goods.
Section 7-2A-513 - Cure by Lessor of Improper Tender or Delivery; Replacement.
Section 7-2A-514 - Waiver of Lessee's Objections.
Section 7-2A-515 - Acceptance of Goods.
Section 7-2A-517 - Revocation of Acceptance of Goods.
Section 7-2A-518 - Cover; Substitute Goods.
Section 7-2A-520 - Lessee's Incidental and Consequential Damages.
Section 7-2A-521 - Lessee's Right to Specific Performance or Replevin.
Section 7-2A-522 - Lessee's Right to Goods on Lessor's Insolvency.