- § 11-2a-401 - Insecurity: Adequate Assurance of Performance.
(1) A lease contract imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired.(2) If reasonable...
- § 11-2a-402 - Anticipatory Repudiation.
If either party repudiates a lease contract with respect to a performance not yet due under the lease contract, the loss of which performance...
- § 11-2a-403 - Retraction of Anticipatory Repudiation.
(1) Until the repudiating party's next performance is due, the repudiating party can retract the repudiation unless, since the repudiation, the aggrieved party has...
- § 11-2a-404 - Substituted Performance.
(1) If without fault of the lessee, the lessor and the supplier, the agreed berthing, loading, or unloading facilities fail or the agreed type...
- § 11-2a-405 - Excused Performance.
Subject to Code Section 11-2A-404 on substituted performance, the following rules apply: (a) Delay in delivery or nondelivery in whole or in part by...
- § 11-2a-406 - Procedure on Excused Performance.
(1) If the lessee receives notification of a material or indefinite delay or an allocation justified under Code Section 11-2A-405, the lessee may by...
- § 11-2a-407 - Irrevocable Promises: Finance Leases.
(1) In the case of a finance lease that is not a consumer lease the lessee's promises under the lease contract become irrevocable and...
Last modified: October 14, 2016