§490:2A-512 Lessee's duties as to rightfully rejected goods. (a) Except as otherwise provided with respect to goods that threaten to decline in value speedily (section 490:2A-511) and subject to any security interest of a lessee (section 490:2A-508(e)):
(1) The lessee, after rejection of goods in the lessee's possession, shall hold them with reasonable care at the lessor's or the supplier's disposition for a reasonable time after the lessee's seasonable notification of rejection;
(2) If the lessor or the supplier gives no instructions within a reasonable time after notification of rejection, the lessee may store the rejected goods for the lessor's or the supplier's account or ship them to the lessor or the supplier or dispose of them for the lessor's or the supplier's account with reimbursement in the manner provided in section 490:2A-511; but
(3) The lessee has no further obligations with regard to goods rightfully rejected.
(b) Action by the lessee pursuant to subsection (a) is not acceptance or conversion. [L 1991, c 40, pt of §1]
Section: Previous 490-2a-505 490-2a-506 490-2a-507 490-2a-508 490-2a-509 490-2a-510 490-2a-511 490-2a-512 490-2a-513 490-2a-514 490-2a-515 490-2a-516 490-2a-517 490-2a-518 490-2a-519 NextLast modified: October 27, 2016