Michigan Compiled Laws
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 2A - Leases (440.2801...440.2982)

Section 440.2803 - Definitions; Sections; Principles of Construction and Interpretation. - Sec. 2A103. (1) In this article unless the context otherwise...

Section 440.2804 - Lease Requirements; Compliance With Applicable Statutes; Effect of Noncompliance With Applicable Statute. - Sec. 2A104. (1) A lease, although subject to this article,...

Section 440.2805 - Certificate of Title Statute; Compliance; Applicable Law. - Sec. 2A105. Subject to the provisions of sections 2A304(3) and...

Section 440.2806 - Choice of Law; Judicial Forum. - Sec. 2A106. (1) If the law chosen by the parties...

Section 440.2807 - Discharge of Claim or Right Without Consideration. - Sec. 2A107. A claim or right arising out of an...

Section 440.2808 - Unconscionable Contract, Clause, or Conduct. - Sec. 2A108. (1) If a court, as a matter of...

Section 440.2809 - Power to Accelerate Payment or Performance or Require Collateral; Good Faith. - Sec. 2A109. (1) A term providing that 1 party or...

Section 440.2810 - Motor Vehicle or Trailer; Transaction Creating Sale or Security Interest. - Sec. 2A110. With respect to a motor vehicle or trailer,...

174-1962-2A-2 - Part 2 Formation and Construction of Lease Contract (440.2851...440.2871)

Section 440.2851 - Lease Contract; Enforcement by Action or Defense; Conditions; Sufficiency of Description or Writing; Determination of Term. - Sec. 2A201. (1) A lease contract is not enforceable by...

Section 440.2852 - Final Written Expression; Parol or Extrinsic Evidence. - Sec. 2A202. Terms with respect to which the confirmatory memoranda...

Section 440.2853 - Effect of Seal Affixed to Writing. - Sec. 2A203. The affixing of a seal to a writing...

Section 440.2854 - Lease Contract; Sufficiency to Show Agreement; Conduct; Open Terms. - Sec. 2A204. (1) A lease contract may be made in...

Section 440.2855 - Firm Offer; Assurances to Hold Offer Open. - Sec. 2A205. An offer by a merchant to lease goods...

Section 440.2856 - Offer to Make Lease Contract; Manner of Acceptance; Lapse. - Sec. 2A206. (1) Unless otherwise unambiguously indicated by the language...

Section 440.2857 - Repealed. 2012, Act 86, Eff. July 1, 2013. - Compiler's Notes: The repealed section pertained to course of performance...

Section 440.2858 - Lease Agreement; Modification or Rescission; Waiver; Retraction. - Sec. 2A208. (1) An agreement modifying a lease contract needs...

Section 440.2859 - Supply Contract; Extension of Benefits of Supplier Promises and of Warranties to Lessee; Limitations; Effect of Modification or Rescission; Retention of Rights. - Sec. 2A209. (1) The benefit of a supplier's promises to...

Section 440.2860 - Express Warranties; Creation. - Sec. 2A210. (1) Express warranties by the lessor are created...

Section 440.2861 - Warranty Against Claim or Interest in Goods; Claim by Way of Infringement; Specifications Furnished by Lessee. - Sec. 2A211. (1) There is in a lease contract a...

Section 440.2862 - Implied Warranty of Merchantability; Other Implied Warranties. - Sec. 2A212. (1) Except in a finance lease, a warranty...

Section 440.2863 - Implied Warranty of Fitness for a Particular Purpose. - Sec. 2A213. Except in a finance lease, if the lessor...

Section 440.2864 - Limiting, Negating, Excluding, or Modifying Warranties; Construction of Words or Conduct. - Sec. 2A214. (1) Words or conduct relevant to the creation...

Section 440.2865 - Inconsistent Warranties; Intent; Rules of Construction. - Sec. 2A215. Warranties, whether express or implied, must be construed...

Section 440.2866 - Warranty; Extension to Persons in Family, Household, or to Guest; Exclusion, Modification, or Limitation. - Sec. 2A216. A warranty to or for the benefit of...

Section 440.2867 - Lease Contract; Identification of Goods; Absence of Explicit Agreement. - Sec. 2A217. Identification of goods as goods to which a...

Section 440.2868 - Lease Contract; Insurable Interest in Goods. - Sec. 2A218. (1) A lessee obtains an insurable interest when...

Section 440.2869 - Risk of Loss; Passage to Lessee. - Sec. 2A219. (1) Except in the case of a finance...

Section 440.2870 - Risk of Loss; Repudiation; Default. - Sec. 2A220. (1) Where risk of loss is to pass...

Section 440.2871 - Casualty to Identified Goods Before Delivery or Risk of Loss Passes. - Sec. 2A221. If a lease contract requires goods identified when...

174-1962-2A-3 - Part 3 Effect of Lease Contract (440.2901...440.2911)

Section 440.2901 - Lease Contract; Enforcement. - Sec. 2A301. Except as otherwise provided in this article, a...

Section 440.2902 - Applicability of Article; Title or Possession. - Sec. 2A302. Except as otherwise provided in this article, each...

Section 440.2903 - Security Interest; Creation; Transfer; Limitations; Rights and Remedies; Delegation of Duties or Performance; Liability; Prohibition. - Sec. 2A303. (1) As used in this section, "creation of...

Section 440.2904 - Transfer From Lessor to Subsequent Lessee; Power; Obtaining Rights in Ordinary Course of Business; Entrustment; Certificate of Title. - Sec. 2A304. (1) Subject to section 2A303, a subsequent lessee...

Section 440.2905 - Transfer From Lessee to Buyer or Sublessee; Power; Rights; Buyer in Ordinary Course of Business; Entrustment; Certificate of Title. - Sec. 2A305. (1) Subject to section 2A303, a buyer or...

Section 440.2906 - Materials or Services Provided With Respect to Goods Subject to Lease Contract; Lien; Priority; Exception. - Sec. 2A306. If a person in the ordinary course of...

Section 440.2907 - Creditor of Lessee; Rights; Taking Leasehold Interest Subject to Security Interest. - Sec. 2A307. (1) Except as otherwise provided in section 2A306,...

Section 440.2908 - Creditor of Lessor or Seller; Lease or Sale Contract Treated as Void; Fraudulent Retention or Possession of Goods; Security for Preexisting Claim. - Sec. 2A308. (1) A creditor of a lessor in possession...

Section 440.2909 - Definitions; Lease of Fixtures; Priority of Security Interests; Right to Remove Goods; Reimbursement; Perfection by Filing Financing Statement as Fixture Filing. - Sec. 2A309. (1) As used in this section: (a) "Goods"...

Section 440.2910 - Goods as Accessions; Priority of Interests; Right to Remove Goods; Reimbursement. - Sec. 2A310. (1) Goods are accessions when they are installed...

Section 440.2911 - Subordination by Agreement. - Sec. 2A311. Nothing in this article prevents subordination by agreement...

174-1962-2A-4 - Part 4 Performance of Lease Contract: Repudiated, Substituted, and Excused (440.2931...440.2937)

Section 440.2931 - Lease Contract; Demanding Adequate Assurance of Due Performance; Repudiation; Determination of Adequacy; Acceptance of Nonconforming Delivery or Payment. - Sec. 2A401. (1) A lease contract imposes an obligation on...

Section 440.2932 - Repudiation of Lease Contract. - Sec. 2A402. If either party repudiates a lease contract with...

Section 440.2933 - Retraction of Repudiation. - Sec. 2A403. (1) Until the repudiating party's next performance is...

Section 440.2934 - Substituted Performance; Tender and Acceptance; Failure of Payment Due to Government Regulation. - Sec. 2A404. (1) If without fault of the lessee, the...

Section 440.2935 - Substituted Performance; Delay or Nondelivery; Allocating Production and Deliveries; Notification. - Sec. 2A405. Subject to section 2A404 on substituted performance, the...

Section 440.2936 - Notification by Lessor of Delay or Allocation; Rights of Lessee; Lapse of Lease Contract. - Sec. 2A406. (1) If the lessee receives notification of a...

Section 440.2937 - Finance Lease Other Than Consumer Lease; Effect of Lessee's Promises; Acceptance of Goods by Lessee; Enforcement; Validity. - Sec. 2A407. (1) In the case of a finance lease...

174-1962-2A-5 - Part 5 Default (440.2951...440.2982)

Section 440.2951 - Default; Rights and Remedies; Self-Help; Enforcement Covering Real Property and Goods. - Sec. 2A501. (1) Whether the lessor or the lessee is...

Section 440.2952 - Notice of Default or Enforcement. - Sec. 2A502. Except as otherwise provided in this article or...

Section 440.2953 - Default; Rights and Remedies Provided in Lease Agreement; Optional Remedies; Liquidation, Limitation, Alteration or Exclusion of Consequential Damages; Collateral or Ancillary Obligations and Promises. - Sec. 2A503. (1) Except as otherwise provided in this article,...

Section 440.2954 - Liquidation of Damages; Reasonableness; Restitution; Setoff. - Sec. 2A504. (1) Damages payable by either party for default,...

Section 440.2955 - Cancellation or Termination of Lease Contract; Discharge of Executory Obligations; Material Misrepresentation or Fraud; Rescission, Rejection, or Return of Goods as Bar to Rights or Remedies. - Sec. 2A505. (1) On cancellation of the lease contract, all...

Section 440.2956 - Default; Commencement and Accrual of Action; Effect of Termination; Applicability of Section to Tolling of Statute of Limitations or Causes of Action Accrued Before Effective Date of Article. - Sec. 2A506. (1) An action for default under a lease...

Section 440.2957 - Damages Based on Market Rent. - Sec. 2A507. (1) Damages based on market rent (section 2A519...

Section 440.2958 - Default by Lessor; Rights and Remedies; Breach of Warranty; Security Interest for Rent, Security, and Expenses; Deduction of Damages From Rent Due. - Sec. 2A508. (1) If a lessor fails to deliver the...

Section 440.2959 - Failure of Goods or Tender or Delivery to Conform to Lease Contract; Rights of Lessee; Effectiveness of Rejection of Goods. - Sec. 2A509. (1) Subject to the provisions of section 2A510...

Section 440.2960 - Installment Lease Contract; Rejecting Nonconforming Delivery; Conditions Requiring Acceptance; Reinstatement of Lease Contract. - Sec. 2A510. (1) Under an installment lease contract a lessee...

Section 440.2961 - Rejection of Goods in Merchant Lessee's Possession or Control; Duties of Merchant Lessee; Right to Reimbursement; Good Faith Conduct; Purchaser in Good Faith. - Sec. 2A511. (1) Subject to any security interest of a...

Section 440.2962 - Rejection of Goods in Lessee's Possession; Rights and Obligations of Lessee. - Sec. 2A512. (1) Except as otherwise provided with respect to...

Section 440.2963 - Rejection of Goods Before Expiration of Time for Performance; Rights of Lessor or Supplier. - Sec. 2A513. (1) If any tender or delivery by the...

Section 440.2964 - Rejection of Goods; Failure of Lessee to State Particular Defect or Reserve Rights When Paying Consideration Against Documents; Effect. - Sec. 2A514. (1) In rejecting goods, a lessee's failure to...

Section 440.2965 - Acceptance of Goods; Opportunity to Inspect; Conduct; Accepting Part of Unit. - Sec. 2A515. (1) Acceptance of goods occurs after the lessee...

Section 440.2966 - Acceptance of Goods; Rent; Revocation Prohibited; Exception; Acceptance of Tender; Effect of Suit Against Lessee for Breach of Warranty or Other Obligation; Infringement. - Sec. 2A516. (1) A lessee must pay rent for any...

Section 440.2967 - Revoking Acceptance of Nonconforming Lot or Commercial Unit; Conditions; Notification; Rights and Duties of Lessee. - Sec. 2A517. (1) A lessee may revoke acceptance of a...

Section 440.2968 - Default by Lessor; Cover; Damages. - Sec. 2A518. (1) After default by a lessor under the...

Section 440.2969 - Nondelivery or Repudiation by Lessor; Rejection or Revocation of Acceptance by Lessee; Damages; Measure of Damages for Market Rent, Nonconforming Tender or Delivery, or Breach of Warranty. - Sec. 2A519. (1) Except as otherwise provided with respect to...

Section 440.2970 - Default by Lessor; Incidental and Consequential Damages. - Sec. 2A520. (1) Incidental damages resulting from a lessor's default...

Section 440.2971 - Specific Performance. - Sec. 2A521. (1) Specific performance may be decreed if the...

Section 440.2972 - Insolvency of Lessor; Recovery of Conforming Goods After Receipt of First Installment of Rent and Security. - Sec. 2A522. (1) Subject to subsection (2) and even though...

Section 440.2973 - Wrongful Rejection or Revocation; Failure to Make Payment; Repudiation; Default; Rights of Lessor; Damages; Cancellation of Lease. - Sec. 2A523. (1) If a lessee wrongfully rejects or revokes...

Section 440.2974 - Additional Rights of Lessor Aggrieved Under MCL 440.2973(1). - Sec. 2A524. (1) A lessor aggrieved under section 2A523(1) may...

Section 440.2975 - Insolvency of Lessee; Refusal to Deliver Goods; Possession, Availability, or Disposition of Goods; Proceeding Without Judicial Process. - Sec. 2A525. (1) If a lessor discovers the lessee to...

Section 440.2976 - Insolvency of Lessee; Stopping Delivery of Goods in Possession of Bailee; Conditions; Notification; Liability for Charges or Damages; Obligation of Carrier. - Sec. 2A526. (1) A lessor may stop delivery of goods...

Section 440.2977 - Default; Disposition of Goods; Damages Based on New Lease Agreement; Rights of Subsequent Good Faith Buyer or Lessee; Accounting for Profit. - Sec. 2A527. (1) After a default by a lessee under...

Section 440.2978 - Retention or Disposition of Goods by Lessor; Damages. - Sec. 2A528. (1) Except as otherwise provided with respect to...

Section 440.2979 - Default by Lessee; Damages; Holding Identified Goods for Remaining Lease Term; Disposition of Goods by Lessor; Use and Possession of Goods by Lessee; Rent. - Sec. 2A529. (1) After default by the lessee under the...

Section 440.2980 - Incidental Damages. - Sec. 2A530. Incidental damages to an aggrieved lessor include any...

Section 440.2981 - Third Party Causing Injury. - Sec. 2A531. (1) If a third party so deals with...

Section 440.2982 - Additional Damages. - Sec. 2A532. In addition to any other recovery permitted by...

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Michigan Compiled Laws Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102) Article 2A - Leases (440.2801...440.2982)

Michigan Compiled Laws
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 2A - Leases (440.2801...440.2982)