California Commercial Code CHAPTER 4 - Performance of Leased Contract: Repudiated, Substituted, and Excused

• Section 10401.
  (a) A lease contract imposes an obligation on each party that the other’s expectation of receiving due performance will not be impaired. (b) If reasonable grounds for...
• Section 10402.
  (a) If either party repudiates a lease contract, other than a consumer lease, with respect to a performance not yet due under the lease contract, the...
• Section 10403.
  (a) Until the repudiating party’s next performance is due, the repudiating party can retract the repudiation unless, since the repudiation, the aggrieved party has canceled the...
• Section 10404.
  (a) If without fault of the lessee, the lessor, and the supplier, the agreed berthing, loading, or unloading facilities fail or the agreed type of carrier...
• Section 10405.
  Subject to Section 10404 on substituted performance, the following rules apply:(1) Delay in delivery or nondelivery in whole or in part by a lessor or a...
• Section 10406.
  (a) If the lessee receives notification of a material or indefinite delay or an allocation justified under Section 10405, the lessee may by written notification to...
• Section 10407.
  (a) In the case of a finance lease that is not a consumer lease the lessee’s promises under the lease contract become irrevocable and independent upon...

Last modified: October 22, 2018