Colorado Code
Part 5 - Default
§ 4-2.5-528. Lessor's Damages for Nonacceptance, Failure to Pay, Repudiation, or Other Default



Source: L. 91: Entire article added, p. 316, § 1, effective July 1, 1992. L. 2006: (1) amended, p. 495, § 23, effective September 1.
Editor's note: Colorado legislative changes. (1) In subsection (1) of this section, after the words "the same lease term,", Colorado inserted a new clause as follows: "(iii) interest on the sum of the amounts described in clauses (i) and (ii) of this subsection (1) from the date of default to the date of entry of judgment at the same rate used in computing present value,". The third clause was then relettered as clause "(iv)".
(2) In subsection (2) of this section, Colorado deleted the words "If the measure of damages provided in subsection (1) is inadequate to put a lessor in as good a position as performance would have, the measure of damages is" and substituted the words "At his or her option, the lessor may recover from the lessee as damages for a default of the type described in subsection (1) of this section, in lieu of the damages recoverable under said subsection (1),".
Uniform Statutory Source: Section 2-708.
Changes: Substantially revised.
Purposes:





Cross References:
Sections 1-102(3), 2-708, 2A-103(1)(u), 2A-402, 2A-504, 2A-507, 2A-527(2) and 2A-529.
Definitional Cross References:
"Agreement". Section 1-201(3).
"Goods". Section 2A-103(1)(h).
"Lease". Section 2A-103(1)(j).
"Lease agreement". Section 2A-103(1)(k).
"Lessee". Section 2A-103(1)(n).
"Lessor". Section 2A-103(1)(p).
"Party". Section 1-201(29).
"Present value". Section 2A-103(1)(u).
"Sale". Section 2-106(1).

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