§2A-512. Lessee's duties as to rightfully rejected goods

Link to law: http://legislature.vermont.gov/statutes/section/09A/002A/00512
Published: 2015

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Title

09A

:
Uniform Commercial Code






Chapter

002A

:
Leases











 

§

2A-512. Lessee's duties as to rightfully rejected goods

(1) Except as

otherwise provided with respect to goods that threaten to decline in value

speedily (§ 2A-511) and subject to any security interest of a lessee (§

2A-508(5)):

(a) the lessee,

after rejection of goods in the lessee's possession, shall hold them with

reasonable care at the lessor's or the supplier's disposition for a reasonable

time after the lessee's seasonable notification of rejection;

(b) if the

lessor or the supplier gives no instructions within a reasonable time after

notification of rejection, the lessee may store the rejected goods for the

lessor's or the supplier's account or ship them to the lessor or the supplier

or dispose of them for the lessor's or the supplier's account with

reimbursement in the manner provided in section 2A-511 of this title; but

(c) the lessee

has no further obligations with regard to goods rightfully rejected.

(2) Action by

the lessee pursuant to subsection (1) of this section is not acceptance or

conversion. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)
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