U.C.C. - ARTICLE 2A - LEASES
..PART 5. DEFAULT
§ 2A-513. CURE BY LESSOR OF IMPROPER TENDER OR DELIVERY; REPLACEMENT.
- (1) If any tender or delivery by the lessor or
the supplier is rejected because
nonconforming and the time for performance has not yet expired, the lessor
or the supplier may seasonably notify the lessee of
the lessor's or the supplier's intention to cure and may then make a conforming delivery
within the time provided in the lease
contract.
- (2) If the lessee rejects
a nonconforming tender that the lessor or
the supplier had reasonable grounds
to believe would be acceptable with or without money allowance, the lessor
or the supplier may have a further reasonable time to substitute a conforming tender
if he [or she] seasonably notifies the lessee.
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© Copyright 2005 by The American Law Institute and the National Conference of Commissioners on Uniform State Laws; reproduced, published and distributed with the permission of the Permanent Editorial Board for the Uniform Commercial Code for the limited purposes of study, teaching, and academic research.