Notwithstanding any other provision of this article, except as otherwise provided with respect to damages liquidated in the lease agreement (section 4-2.5-504) or otherwise determined pursuant to agreement of the parties (sections 4-1-302 and 4-2.5-503), a party to a lease contract, at his or her option, may recover for the other party's default, in addition to or in lieu of the damages expressly authorized by this article, such additional or different damages as may be necessary to put such party in as good a position as if the other party had performed in accordance with the lease contract, determined in any reasonable manner.
Source: L. 91: Entire article added, p. 318, § 1, effective July 1, 1992. L. 2006: Entire section amended, p. 496, § 24, effective September 1.
Editor's note - Colorado legislative change. This section was added by Colorado; it has no counterpart in the uniform act.
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