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Can you summarize 75 MSCO Chapter 2A?
Regulation of Trade, Commerce and Investments > Uniform Commercial Code Leases
Short Summary
The provided legal document content falls under the Mississippi Code 1972, specifically the Uniform Commercial Code Leases section. It governs various aspects related to commercial leases in Mississippi. The document covers the formation and construction of lease contracts, including the requirements for enforceability under the statute of frauds. It also addresses the effect of lease contracts, establishing their enforceability and applicability to parties, purchasers of goods, and creditors. The document provides guidelines for the performance of lease contracts, including the right to demand assurance of due performance and the consequences of non-compliance. It further outlines the remedies available to lessees in case of default by the lessor or non-conformity of goods, as well as the remedies available to lessors in case of lessee default. The document does not mention any specific exemptions or penalties related to its provisions.
Whom does it apply to?
Entities involved in commercial leasing transactions, parties to lease contracts
What does it govern?
Formation and construction of lease contracts, effect of lease contracts, performance of lease contracts, default by lessor, remedies available to lessees, remedies available to lessors
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Mississippi