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Can you summarize DCCO Title 28, Article 2A?
Uniform Commercial Code. > Leases.
Short Summary
The Uniform Commercial CodeLeases is a legal document that governs the leasing of goods under the Uniform Commercial Code in the District of Columbia. It provides definitions and an index of definitions related to leases and aims to resolve significant issues related to leases of goods. The document addresses the warranties made by lessors to lessees and the remedies available to lessors and lessees in case of default. It incorporates provisions from the Article on Sales and the Article on Secured Transactions. The document provides for the lessor’s remedies upon default by the lessee and also includes provisions for lessee’s remedies upon default by the lessor. Overall, this document seeks to establish a comprehensive framework for leasing transactions and ensure clarity and fairness for all parties involved.
Whom does it apply to?
Individuals and businesses involved in lease contracts
What does it govern?
Leases
What are exemptions?
Leases intended as security interests
What are the Penalties?
No specific exemptions or penalties are mentioned in these documents.
Jurisdiction
Washington, D.C.