North Carolina General Statutes § 25-2A-512 Lessee's duties as to rightfully rejected goods

(1)        Except as otherwise provided with respect to goods that threaten to decline in value speedily (G.S. 25-2A-511) and subject to any security interest of a lessee (G.S. 25-2A-508(5)):

(a)        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;

(b)        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 G.S. 25-2A-511; but

(c)        the lessee has no further obligations with regard to goods rightfully rejected.

(2)        Action by the lessee pursuant to subsection (1) of this section is not acceptance or conversion. (1993, c. 463, s. 1.)

Sections:  Previous  25-2A-505  25-2A-506  25-2A-507  25-2A-508  25-2A-509  25-2A-510  25-2A-511  25-2A-512  25-2A-513  25-2A-514  25-2A-515  25-2A-516  25-2A-517  25-2A-518  25-2A-519  Next

Last modified: March 23, 2014