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§12A-2A-524.
§12A-2A-524.
LESSOR'S RIGHT TO IDENTIFY GOODS TO LEASE CONTRACT
(1) After default by the lessee under the lease contract of the type
described in either subsection (1) of Section 2A-523 of this title or
paragraph (a) of subsection (3) of Section 2A-523 of this title, or,
if agreed, after other default by the lessee, the lessor may:
(a) 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
(b) dispose of goods (subsection (1) of Section 2A-527 of this title)
that demonstrably have been intended for the particular lease contract
even though those goods are unfinished.
(2) 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.
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