§2A-517. Revocation of acceptance of goods

Link to law: http://legislature.vermont.gov/statutes/section/09A/002A/00517
Published: 2015

Print

The Vermont Statutes Online



Title

09A

:
Uniform Commercial Code






Chapter

002A

:
Leases











 

§

2A-517. Revocation of acceptance of goods

(1) A lessee may

revoke acceptance of a lot or commercial unit whose nonconformity substantially

impairs its value to the lessee if the lessee has accepted it:

(a) except in

the case of a finance lease, on the reasonable assumption that its

nonconformity would be cured and it has not been seasonably cured; or

(b) without

discovery of the nonconformity if the lessee's acceptance was reasonably

induced either by the lessor's assurances or, except in the case of a finance

lease, by the difficulty of discovery before acceptance.

(2) Except in

the case of a finance lease that is not a consumer lease, a lessee may revoke

acceptance of a lot or commercial unit if the lessor defaults under the lease

contract and the default substantially impairs the value of that lot or

commercial unit to the lessee.

(3) If the lease

agreement so provides, the lessee may revoke acceptance of a lot or commercial

unit because of other defaults by the lessor.

(4) Revocation

of acceptance must occur within a reasonable time after the lessee discovers or

should have discovered the ground for it and before any substantial change in

condition of the goods which is not caused by the nonconformity. Revocation is

not effective until the lessee notifies the lessor.

(5) A lessee who

so revokes has the same rights and duties with regard to the goods involved as

if the lessee had rejected them. (Added 1993, No. 158 (Adj. Sess.), § 10, eff.

Jan. 1, 1995.)
Read Entire Law on legislature.vermont.gov