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Can you summarize 13 PACS Division 2A?
COMMERCIAL CODE > LEASES
Short Summary
The provided legal document content pertains to lease contracts under the Pennsylvania Commercial Code. It establishes the applicability of this division to any transaction that creates a lease, regardless of form. The document provides definitions for various terms used in lease contracts, such as ‘buyer in ordinary course of business,’ ‘commercial unit,’ ‘conforming goods,’ ‘consumer lease,’ ‘fault,’ ‘finance lease,’ ‘goods,’ ’lease,’ ’lessee,’ ’lessor,’ and others. It clarifies that a lease subject to this division is also subject to any applicable certificate of title statute or consumer protection statute. In case of conflict between this division and a statute referred to in the document, the statute controls. The document also addresses the compliance and effect of compliance or noncompliance with a certificate of title statute for goods covered by a certificate of title issued under a statute of Pennsylvania or another jurisdiction. It further discusses the enforceability of choice of law and choice of judicial forum in consumer leases. The document covers the discharge of claims or rights arising from default or breach of warranty through written waivers or renunciations. Additionally, it addresses the issue of unconscionability in lease contracts, providing options for the court if a lease contract or any clause is found unconscionable. The court may refuse to enforce the lease contract, enforce the remainder without the unconscionable clause, or limit the application of the unconscionable clause. The court may also grant appropriate relief in cases of unconscionable conduct in consumer leases or the collection of claims. The document specifies that the burden of establishing good faith or lack of good faith in exercising certain powers lies with the respective parties. Overall, this document is essential for individuals and businesses involved in lease contracts in Pennsylvania to understand the legal definitions and provisions governing their agreements.
Whom does it apply to?
Individuals and businesses involved in lease contracts in Pennsylvania, lessees, lessors, suppliers
What does it govern?
Lease contracts, formation and construction of lease contracts, performance of lease contracts, default procedures in lease contracts, remedies available to lessees in case of default, remedies available to lessors in case of default
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Pennsylvania