§ 2A524. Lessor's right to identify goods to lease contract.
(a) General rule.--A lessor aggrieved under section 2A523(a) (relating to lessor's remedies) may:
(1) identify to the lease contract conforming goods not already identified if at the time the lessor learned of the default they were in the lessor's or the supplier's possession or control; and
(2) dispose of goods (section 2A527(a)) that demonstrably have been intended for the particular lease contract even though those goods are unfinished.
(b) Unfinished goods.--If the goods are unfinished, in the exercise of reasonable commercial judgment for the purposes of avoiding loss and of effective realization, an aggrieved lessor or the supplier may either complete manufacture and wholly identify the goods to the lease contract or cease manufacture and lease, sell or otherwise dispose of the goods for scrap or salvage value or proceed in any other reasonable manner.
Cross References. Section 2A524 is referred to in sections 2A402, 2A523 of this title.Section: Previous 2a517 2a518 2a519 2a520 2a521 2a522 2a523 2a524 2a525 2a526 2a527 2a528 2a529 2a530 2a531 Next
Last modified: October 8, 2016