Illinois Compiled Statutes 810 ILCS 5 Uniform Commercial Code. Section 2A-514

    (810 ILCS 5/2A-514) (from Ch. 26, par. 2A-514)

    Sec. 2A-514. Waiver of lessee's objections.

    (1) In rejecting goods, a lessee's failure to state a particular defect that is ascertainable by reasonable inspection precludes the lessee from relying on the defect to justify rejection or to establish default:

        (a) if, stated seasonably, the lessor or the supplier

    could have cured it (Section 2A-513); or

        (b) between merchants if the lessor or the supplier

    after rejection has made a request in writing for a full and final written statement of all defects on which the lessee proposes to rely.

    (2) A lessee's failure to reserve rights when paying rent or other consideration against documents precludes recovery of the payment for defects apparent in the documents.

(Source: P.A. 95-895, eff. 1-1-09.)

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Last modified: February 18, 2015