Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 2A5 - Default
Section 2A503 - Modification or impairment of rights and remedies

§ 2A503. Modification or impairment of rights and remedies.
(a) Provisions in lease agreements.--Except as otherwise provided in this division, the lease agreement may include rights and remedies for default in addition to or in substitution for those provided in this division and may limit or alter the measure of damages recoverable under this division.
(b) Specified remedy construed as optional.--Resort to a remedy provided under this division or in the lease agreement is optional unless the remedy is expressly agreed to be exclusive. If circumstances cause an exclusive or limited remedy to fail of its essential purpose, or provision for an exclusive remedy is unconscionable, remedy may be had as provided in this division.
(c) Consequential damages.--Consequential damages may be liquidated under section 2A504 (relating to liquidation of damages), or may otherwise be limited, altered or excluded unless the limitation, alteration or exclusion is unconscionable. Limitation, alteration or exclusion of consequential damages for injury to the person in the case of consumer goods is prima facie unconscionable but limitation, alteration or exclusion of damages where the loss is commercial is not prima facie unconscionable.
(d) Other rights and remedies unimpaired.--Rights and remedies on default by the lessor or the lessee with respect to any obligation or promise collateral or ancillary to the lease contract are not impaired by this division.
Cross References. Section 2A503 is referred to in sections 2A518, 2A519, 2A527 of this title.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 13 - COMMERCIAL CODE

Chapter 2A5 - Default

Extra - Chapter Notes

Section 2A501 - Default: procedure

Section 2A502 - Notice after default

Section 2A503 - Modification or impairment of rights and remedies

Section 2A504 - Liquidation of damages

Section 2A505 - Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies

Section 2A506 - Statute of limitations

Section 2A507 - Proof of market rent: time and place

Section 2A508 - Lessee's remedies

Section 2A509 - Lessee's rights on improper delivery; rightful rejection

Section 2A510 - Installment lease contracts: rejection and default

Section 2A511 - Merchant lessee's duties as to rightfully rejected goods

Section 2A512 - Lessee's duties as to rightfully rejected goods

Section 2A513 - Cure by lessor of improper tender or delivery; replacement

Section 2A514 - Waiver of lessee's objections

Section 2A515 - Acceptance of goods

Section 2A516 - Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over

Section 2A517 - Revocation of acceptance of goods

Section 2A518 - Cover; substitute goods

Section 2A519 - Lessee's damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods

Section 2A520 - Lessee's incidental and consequential damages

Section 2A521 - Lessee's right to specific performance or replevin

Section 2A522 - Lessee's right to goods on lessor's insolvency

Section 2A523 - Lessor's remedies

Section 2A524 - Lessor's right to identify goods to lease contract

Section 2A525 - Lessor's right to possession of goods

Section 2A526 - Lessor's stoppage of delivery in transit or otherwise

Section 2A527 - Lessor's rights to dispose of goods

Section 2A528 - Lessor's damages for nonacceptance, failure to pay, repudiation or other default

Section 2A529 - Lessor's action for the rent

Section 2A530 - Lessor's incidental damages

Section 2A531 - Standing to sue third parties for injury to goods

Section 2A532 - Lessor's rights to residual interest