Legislation
SECTION 2-A-513
Cure by Lessor of Improper Tender or Delivery; Replacement
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 2-A, PART 5
Section 2-A-513. Cure by Lessor of Improper Tender or Delivery;
Replacement.
(1) If any tender or delivery by the lessor or the supplier is
rejected because nonconforming and the time for performance has not yet
expired, the lessor or the supplier may seasonably notify the lessee of
the lessor's or the supplier's intention to cure and may then make a
conforming delivery within the time provided in the lease contract.
(2) If the lessee rejects a nonconforming tender that the lessor or
the supplier had reasonable grounds to believe would be acceptable with
or without money allowance, the lessor or the supplier may have a
further reasonable time to substitute a conforming tender if he or she
seasonably notifies the lessee.
Replacement.
(1) If any tender or delivery by the lessor or the supplier is
rejected because nonconforming and the time for performance has not yet
expired, the lessor or the supplier may seasonably notify the lessee of
the lessor's or the supplier's intention to cure and may then make a
conforming delivery within the time provided in the lease contract.
(2) If the lessee rejects a nonconforming tender that the lessor or
the supplier had reasonable grounds to believe would be acceptable with
or without money allowance, the lessor or the supplier may have a
further reasonable time to substitute a conforming tender if he or she
seasonably notifies the lessee.