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UCC Article 2a Finance Leases and the Absolute Duty of the Lessor to . . . The term “Finance Lease” is defined in UCC Article 2A, which governs lease transactions, as a lease that “consists of an overall three party transaction which: (1) the lessor does not own, select, manufacture or supply the goods, (2) the lessor does not own the goods before the lease was arranged, and (3) the lessee either approves the
The ‘Ins + Outs’ of UCC Finance Leases Co-Lessee Issues Under Article 2A of the Uniform Commercial Code (the “UCC”), the term “Finance Lease” is defined to be a true lease which “consists of an overall three-party transaction in which: (1) the lessor does not select, manufacture, or supply the goods, (2) the lessor did not own the goods before the lease was arranged, and (3) the lessee
Section 2A-508 - Massachusetts Legislature (2) If a lessor fails to deliver the goods in conformity to the lease contract or repudiates the lease contract, the lessee may also: (a) if the goods have been identified, recover them (Section 2A–522); or (b) in a proper case, obtain specific performance or replevy the goods (Section 2A–521)
§ 28:2A–522. Lessee’s right to goods on lessor’s insolvency. (a) Subject to subsection (b) of this section and even though the goods have not been shipped, a lessee who has paid a part or all of the rent and security for goods identified to a lease contract (§ 28:2A-217) on making and keeping good a tender of any unpaid portion of the rent and security due under the lease contract may recover the goods
§ 2A-522. LESSEEs RIGHT TO GOODS ON LESSORs INSOLVENCY. (1) Subject to subsection (2) and even though the goods have not been shipped, a lessee who has paid a part or all of the rent and security for goods identified to a lease contract (Section 2A-217 ) on making and keeping good a tender of any unpaid portion of the rent and security due under the lease contract may recover the goods identified
NYS Open Legislation | NYSenate. gov - The New York State Senate Section 2-A-508 Lessee's Remedies (1) If a lessor fails to deliver the goods in conformity to the lease contract (Section 2-A-509) or repudiates the lease contract (Section 2-A-402), or a lessee rightfully rejects the goods (Section 2-A-509) or justifiably revokes acceptance of the goods (Section 2-A-517), then with
UCC 2A Definition - Law Insider Customer waives its rights as a lessee under UCC 2A Sections 508-522 Lessee waives any rights under Sections 221, 405 and 406 of the applicable version of Uniform Commercial Code Article 2A ("UCC 2A") and any similar laws or rights, including rights to avoidance, allowance, allocation, modification, and notice