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Can you summarize 6 DECO Article 2A?
Uniform Commercial Code > Leases
Short Summary
The provided legal document content pertains to lease contracts under the Uniform Commercial Code in Delaware. It governs the performance of lease contracts and addresses various aspects such as repudiation, substitution, excuse, material or indefinite delays, justified allocations, transfer of interests and rights, creation of express warranties, exclusion or modification of warranties, insurable interest, flexibility to substitute goods, risk of loss, default, allocation of risk of loss, effect of casualty, subsequent leases, sale or sublease of goods, priority of liens, and rights of lessors and lessees when goods become fixtures or accessions. The documents provide comprehensive information on the formation, construction, and various aspects of lease contracts, ensuring clarity and protection for the parties involved. They apply to parties involved in lease contracts, purchasers of goods, and creditors of the parties. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Parties involved in lease contracts, purchasers of goods, creditors of the parties
What does it govern?
Performance of lease contracts, repudiation, substitution, excuse, material or indefinite delays, justified allocations, transfer of interests and rights, creation of express warranties, exclusion or modification of warranties, insurable interest, flexibility to substitute goods, risk of loss, default, allocation of risk of loss, effect of casualty, subsequent leases, sale or sublease of goods, priority of liens, rights of lessors and lessees when goods become fixtures or accessions
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Delaware