13 Pennsylvania Consolidated Statutes Chapter 2a4 - Performance Of Lease Contract: Repudiated, Substituted And Excused

• Chapter Notes
• Section 2a401 - Insecurity: Adequate Assurance Of Performance
  (a) General rule.--A lease contract imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired. (b)...
• Section 2a402 - 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...
• Section 2a403 - Retraction Of Anticipatory Repudiation
  (a) When allowable.--Until the repudiating party's next performance is due, the repudiating party can retract the repudiation unless, since the repudiation, the aggrieved party...
• Section 2a404 - Substituted Performance
  (a) Manner of delivery.--If, without fault of the lessee, the lessor and the supplier, the agreed berthing, loading or unloading facilities fail or the...
• Section 2a405 - Excused Performance
  Subject to section 2A404 (relating to substituted performance), the following rules apply: (1) Delay in delivery or nondelivery in whole or in part by...
• Section 2a406 - Procedure On Excused Performance
  (a) Right of lessee to terminate or modify contract.--If the lessee receives notification of a material or indefinite delay or an allocation justified under...
• Section 2a407 - Irrevocable Promises: Finance Leases
  (a) General rule.--In the case of a finance lease that is not a consumer lease, the lessee's promises under the lease contract become irrevocable...

Last modified: October 8, 2016