Incidental damages to an aggrieved lessor include any commercially reasonable charges, expenses, or commissions incurred in stopping delivery, in the transportation, care, and custody of goods after the lessee's default, in connection with return or disposition of the goods, or otherwise resulting from the default.
Source: L. 91: Entire article added, p. 318, § 1, effective July 1, 1992.
Uniform Statutory Source: Section 2-710.
Changes: Revised to reflect leasing practices and terminology.
Definitional Cross References:
"Aggrieved party". Section 1-201(2).
"Delivery". Section 1-201(14).
"Goods". Section 2A-103(1)(h).
"Lessee". Section 2A-103(1)(n).
"Lessor". Section 2A-103(1)(p).
Structure Colorado Code
Title 4 - Uniform Commercial Code
§ 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
§ 4-2.5-506. 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
§ 4-2.5-517. Revocation of Acceptance of Goods
§ 4-2.5-518. Cover; Substitute 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