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§12A-2A-510.


§12A-2A-510.
   
                 INSTALLMENT LEASE CONTRACTS; REJECTION AND
                                      
                                  DEFAULT
                                      
   (1) Under an installment lease contract a lessee may reject any
   delivery that is nonconforming if the nonconformity substantially
   impairs the value of that delivery and cannot be cured or the
   nonconformity is a defect in the required documents; but if the
   nonconformity does not fall within subsection (2) of this section and
   the lessor or the supplier gives adequate assurance of its cure, the
   lessee must accept that delivery.
   
   (2) Whenever nonconformity or default with respect to one or more
   deliveries substantially impairs the value of the installment lease
   contract as a whole there is a default with respect to the whole. But,
   the aggrieved party reinstates the installment lease contract as a
   whole if the aggrieved party accepts a nonconforming delivery without
   seasonably notifying of cancellation or brings an action with respect
   only to past deliveries or demands performance as to future
   deliveries.
   

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