§2A-513. Cure by lessor of improper tender or delivery; replacement

Link to law: http://legislature.vermont.gov/statutes/section/09A/002A/00513
Published: 2015

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The Vermont Statutes Online



Title

09A

:
Uniform Commercial Code






Chapter

002A

:
Leases











 

§

2A-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.

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