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