Can you summarize MNST 336.2A-514?

Short Summary

(1) In rejecting goods, a lessee’s failure to state a particular defect that is ascertainable by reasonable inspection precludes the lessee from relying on the defect to justify rejection or to establish default: (a) if, stated seasonably, the lessor or the supplier could have cured it (section 336.2A-513 ); or (b) between merchants if the lessor or the supplier after rejection has made a request in writing for a full and final written statement of all defects on which the lessee proposes to rely. (2) A lessee’s failure to reserve rights when paying rent or other consideration against documents precludes recovery of the payment for defects apparent in the documents. History: 1989 c 232 art 1 s 2A-514; 2004 c 162 art 5 s 13

Jurisdiction

Minnesota

Source

• Banking