Colorado Code
Part 5 - Default
§ 4-2.5-518. Cover; Substitute Goods




Source: L. 91: Entire article added, p. 310, § 1, effective July 1, 1992. L. 2006: (2) amended, p. 494, § 19, effective September 1.
Editor's note - Colorado legislative change. In subsection (2) of this section, after the words "term of the original lease agreement,", Colorado inserted a new clause as follows: "(ii) interest on the amount computed under clause (i) of this subsection (2) from the date of the commencement of the term of the new lease agreement until the date of entry of judgment at the same rate used in computing present value,". The second clause was then relettered as clause "(iii)".
Uniform Statutory Source: Section 2-712.
Changes: Substantially revised.
Purposes:







Cross References:
Sections 2-712(1), 2A-519 and 9-507.
Definitional Cross References:
"Agreement". Section 1-201(3).
"Contract". Section 1-201(11).
"Good faith". Sections 1-201(19) and 2-103(1)(b).
"Goods". Section 2A-103(1)(h).
"Lease". Section 2A-103(1)(j).
"Lease agreement". Section 2A-103(1)(k).
"Lease contract". Section 2A-103(l)(l).
"Lessee". Section 2A-103(1)(n).
"Lessor". Section 2A-103(1)(p).
"Party". Section 1-201(29).
"Present value". Section 2A-103(1)(u).
"Purchase". Section 2A-103(1)(v).

Structure Colorado Code

Colorado Code

Title 4 - Uniform Commercial Code

Article 2.5 - Leases

Part 5 - Default

§ 4-2.5-501. Default: Procedure

§ 4-2.5-502. Notice After Default

§ 4-2.5-503. Modification or Impairment of Rights and Remedies

§ 4-2.5-504. Liquidation of Damages

§ 4-2.5-505. Cancellation and Termination and Effect of Cancellation, Termination, Rescission, or Fraud on Rights and Remedies

§ 4-2.5-506. Statute of Limitations

§ 4-2.5-507. Proof of Market Rent: Time and Place

§ 4-2.5-508. Lessee's Remedies

§ 4-2.5-509. Lessee's Rights on Improper Delivery; Rightful Rejection

§ 4-2.5-510. Installment Lease Contracts: Rejection and Default

§ 4-2.5-511. Merchant Lessee's Duties as to Rightfully Rejected Goods

§ 4-2.5-512. Lessee's Duties as to Rightfully Rejected Goods

§ 4-2.5-513. Cure by Lessor of Improper Tender or Delivery; Replacement

§ 4-2.5-514. Waiver of Lessee's Objections

§ 4-2.5-515. Acceptance of Goods

§ 4-2.5-516. Effect of Acceptance of Goods; Notice of Default; Burden of Establishing Default After Acceptance; Notice of Claim or Litigation to Person Answerable Over

§ 4-2.5-517. Revocation of Acceptance of Goods

§ 4-2.5-518. Cover; Substitute Goods

§ 4-2.5-519. Lessee's Damages for Nondelivery, Repudiation, Default and Breach of Warranty in Regard to Accepted Goods

§ 4-2.5-520. Lessee's Incidental and Consequential Damages

§ 4-2.5-521. Lessee's Right to Specific Performance or Replevin

§ 4-2.5-522. Lessee's Right to Goods on Lessor's Insolvency

§ 4-2.5-523. Lessor's Remedies

§ 4-2.5-524. Lessor's Right to Identify Goods to Lease Contract

§ 4-2.5-525. Lessor's Right to Possession of Goods

§ 4-2.5-526. Lessor's Stoppage of Delivery in Transit or Otherwise

§ 4-2.5-527. Lessor's Rights to Dispose of Goods

§ 4-2.5-528. Lessor's Damages for Nonacceptance, Failure to Pay, Repudiation, or Other Default

§ 4-2.5-529. Lessor's Action for the Rent

§ 4-2.5-530. Lessor's Incidental Damages

§ 4-2.5-531. Standing to Sue Third Parties for Injury to Goods

§ 4-2.5-532. Lessor's Rights to Residual Interest

§ 4-2.5-533. Other Measures of Damages