Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Subtitle 1 - General Provisions
Section 2A-101 - Short Title - This title shall be known and may be cited as...
Section 2A-102 - Scope - This title applies to any transaction, regardless of form, that...
Section 2A-103 - Definitions and Index of Definitions - (1) In this title unless the context otherwise requires: (a)...
Section 2A-104 - Leases Subject to Other Laws - (1) Except as provided in subsection (4) of this section,...
Section 2A-105 - Territorial Application of Article to Goods Covered by Certificate of Title - Subject to the provisions of §§ 2A-304(3) and 2A-305(3), with...
Section 2A-106 - Limitation on Power of Parties to Consumer Lease to Choose Applicable Law and Judicial Forum - (1) If the law chosen by the parties to a...
Section 2A-107 - Waiver or Renunciation of Claim or Right After Default - Any claim or right arising out of an alleged default...
Section 2A-108 - Unconscionability - (1) If the court as a matter of law finds...
Section 2A-109 - Option to Accelerate at Will - (1) A term providing that one party or his (or...
Subtitle 2 - Formation and Construction of Lease Contract
Section 2A-201 - Statute of Frauds - (1) A lease contract is not enforceable by way of...
Section 2A-202 - Final Written Expression: Parol or Extrinsic Evidence - Terms with respect to which the confirmatory memoranda of the...
Section 2A-203 - Seals Inoperative - The affixing of a seal to a writing evidencing a...
Section 2A-204 - Formation in General - (1) A lease contract may be made in any manner...
Section 2A-205 - Firm Offers - An offer by a merchant to lease goods to or...
Section 2A-206 - Offer and Acceptance in Formation of Lease Contract - (1) Unless otherwise unambiguously indicated by the language or circumstances,...
Section 2A-208 - Modification, Rescission and Waiver - (1) An agreement modifying a lease contract needs no consideration...
Section 2A-209 - Lessee Under Finance Lease as Beneficiary of Supply Contract - (1) The benefit of a supplier’s promises to the lessor...
Section 2A-210 - Express Warranties - (1) Express warranties by the lessor are created as follows:...
Section 2A-211 - Warranties Against Interference and Against Infringement; Lessee's Obligation Against Infringement - (1) There is in a lease contract a warranty that...
Section 2A-212 - Implied Warranty of Merchantability - (1) Except in a finance lease, a warranty that the...
Section 2A-213 - Implied Warranty of Fitness for Particular Purpose - Except in a finance lease, if the lessor at the...
Section 2A-214 - Exclusion or Modification of Warranties - (1) Words or conduct relevant to the creation of an...
Section 2A-214.1 - Limitation of Exclusion or Modification of Warranties to Consumers - (1) The provisions of § 2A-214 do not apply to...
Section 2A-215 - Cumulation and Conflict of Warranties Express or Implied - Warranties, whether express or implied, must be construed as consistent...
Section 2A-216 - Third-Party Beneficiaries of Express and Implied Warranties - A warranty to or for the benefit of a lessee...
Section 2A-217 - Identification - Identification of goods as goods to which a lease contract...
Section 2A-218 - Insurance and Proceeds - (1) A lessee obtains an insurable interest when existing goods...
Section 2A-219 - Risk of Loss - (1) Except in the case of a finance lease, risk...
Section 2A-220 - Effect of Default on Risk of Loss - (1) Where risk of loss is to pass to the...
Section 2A-221 - Casualty to Identified Goods - If a lease contract requires goods identified when the lease...
Subtitle 3 - Effect of Lease Contract
Section 2A-301 - Enforceability of Lease Contract - Except as otherwise provided in this title, a lease contract...
Section 2A-302 - Title to and Possession of Goods - Except as otherwise provided in this title, each provision of...
Section 2A-303 - Alienability of Party's Interest Under Lease Contract or of Lessor's Residual Interest in Goods; Delegation of Performance; Transfer of Rights - (1) As used in this section, “creation of a security...
Section 2A-304 - Subsequent Lease of Goods by Lessor - (1) Subject to § 2A-303, a subsequent lessee from a...
Section 2A-305 - Sale or Sublease of Goods by Lessee - (1) Subject to the provisions of § 2A-303, a buyer...
Section 2A-306 - Priority of Certain Liens Arising by Operation of Law - If a person in the ordinary course of his business...
Section 2A-307 - Priority of Liens Arising by Attachment or Levy On, Security Interests In, and Other Claims to Goods - (1) Except as otherwise provided in § 2A-306, a creditor...
Section 2A-308 - Special Rights of Creditors - (1) A creditor of a lessor in possession of goods...
Section 2A-309 - Lessor's and Lessee's Rights When Goods Become Fixtures - (1) In this section: (a) Goods are “fixtures” when they...
Section 2A-310 - Lessor's and Lessee's Rights When Goods Become Accessions - (1) Goods are “accessions” when they are installed in or...
Section 2A-311 - Priority Subject to Subordination - Nothing in this title prevents subordination by agreement by any...
Subtitle 4 - Performance of Leased Contract: Repudiated, Substituted, and Excused
Section 2A-401 - Insecurity: Adequate Assurance of Performance - (1) A lease contract imposes an obligation on each party...
Section 2A-402 - Anticipatory Repudiation - If either party repudiates a lease contract with respect to...
Section 2A-403 - Retraction of Anticipatory Repudiation - (1) Until the repudiating party’s next performance is due, the...
Section 2A-404 - Substituted Performance - (1) If without fault of the lessee, the lessor and...
Section 2A-405 - Excused Performance - Subject to § 2A-404 on substituted performance, the following rules...
Section 2A-406 - Procedure on Excused Performance - (1) If the lessee receives notification of a material or...
Section 2A-407 - Irrevocable Promises: Finance Leases - (1) In the case of a finance lease that is...
Subtitle 5 - Default
Part I - In General
Section 2A-501 - Default: Procedure - (1) Whether the lessor or the lessee is in default...
Section 2A-502 - Notice After Default - Except as otherwise provided in this title or the lease...
Section 2A-503 - Modification or Impairment of Rights and Remedies - (1) Except as otherwise provided in this title, the lease...
Section 2A-504 - Liquidation of Damages - (1) Damages payable by either party for default, or any...
Section 2A-505 - Cancellation and Termination and Effect of Cancellation, Termination, Rescission, or Fraud on Rights and Remedies - (1) On cancellation of the lease contract, all obligations that...
Section 2A-506 - Statute of Limitations - (1) An action for default under a lease contract, including...
Section 2A-507 - Proof of Market Rent: Time and Place - (1) Damages based on market rent (§ 2A-519 or §...
Part II - Default by Lessor
Section 2A-508 - Lessee's Remedies - (1) If a lessor fails to deliver the goods in...
Section 2A-509 - Lessee's Rights on Improper Delivery; Rightful Rejection - (1) Subject to the provisions of § 2A-510 on default...
Section 2A-510 - Installment Lease Contracts Rejection and Default - (1) Under an installment lease agreement, a lessee may reject...
Section 2A-511 - Merchant Lessee's Duties as to Rightfully Rejected Goods - (1) If a lessor or a supplier has no agent...
Section 2A-512 - Lessee's Duties as to Rightfully Rejected Goods - (1) Except as otherwise provided with respect to goods that...
Section 2A-513 - Cure by Lessor of Improper Tender or Delivery; Replacement - (1) If any tender or delivery by the lessor or...
Section 2A-514 - Waiver of Lessee's Objections - (1) In rejecting goods, a lessee’s failure to state a...
Section 2A-515 - Acceptance of Goods - (1) Acceptance of goods occurs after the lessee has had...
Section 2A-516 - Effect of Acceptance of Goods; Notice of Default; Burden of Establishing Default After Acceptance; Notice of Claim or Litigation to Person Answerable Over - (1) A lessee must pay rent for any goods accepted...
Section 2A-517 - Revocation of Acceptance of Goods - (1) A lessee may revoke acceptance of a lot or...
Section 2A-518 - Cover; Substitute Goods - (1) After a default by a lessor under the lease...
Section 2A-519 - Lessee's Damages for Nondelivery, Repudiation, Default, and Breach of Warranty in Regard to Accepted Goods - (1) Except as otherwise provided with respect to damages liquidated...
Section 2A-520 - Lessee's Incidental and Consequential Damages - (1) Incidental damages resulting from a lessor’s default include expenses...
Section 2A-521 - Lessee's Right to Specific Performance or Replevin - (1) Specific performance may be decreed if the goods are...
Section 2A-522 - Lessee's Right to Goods on Lessor's Insolvency - (1) Subject to subsection (2) and even though the goods...
Part III - Default by Lessee
Section 2A-523 - Lessor's Remedies - (1) If a lessee wrongfully rejects or revokes acceptance of...
Section 2A-524 - Lessor's Right to Identify Goods to Lease Contract - (1) A lessor aggrieved under § 2A-523 may: (a) Identify...
Section 2A-525 - Lessor's Right to Possession of Goods - (1) If a lessor discovers the lessee to be insolvent,...
Section 2A-526 - Lessor's Stoppage of Delivery in Transit or Otherwise - (1) A lessor may stop delivery of goods in the...
Section 2A-527 - Lessor's Rights to Dispose of Goods - (1) After a default by a lessee under the lease...
Section 2A-528 - Lessor's Damages for Nonacceptance, Failure to Pay, Repudiation, or Other Default - (1) Except as otherwise provided with respect to damages liquidated...
Section 2A-529 - Lessor's Action for the Rent - (1) After default by the lessee under the lease contract...
Section 2A-530 - Lessor's Incidental Damages - Incidental damages to an aggrieved lessor include any commercially reasonable...
Section 2A-531 - Standing to Sue Third Parties for Injury to Goods - (1) If a third party so deals with goods that...
Section 2A-532 - Lessor's Rights to Residual Interest - In addition to any other recovery permitted by this title...