[Previous] [Next]
§12A-2A-221.
§12A-2A-221.
CASUALTY TO IDENTIFIED GOODS
If a lease contract requires goods identified when the lease contract
is made, and the goods suffer casualty without fault of the lessee,
the lessor or the supplier before delivery, or the goods suffer
casualty before risk of loss passes to the lessee pursuant to the
lease agreement or Section 29 of this act, then:
(a) if the loss is total, the lease contract is avoided; and
(b) if the loss is partial or the goods have so deteriorated as to no
longer conform to the lease contract, the lessee may nevertheless
demand inspection and at his option either treat the lease contract as
avoided or, except in a finance lease that is not a consumer lease,
accept the goods with due allowance from the rent payable for the
balance of the lease term for the deterioration or the deficiency in
quantity but without further right against the lessor.
[Previous] [Next]