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Can you summarize MNST 336.2A-517?
UNIFORM COMMERCIAL CODE > REVOCATION OF ACCEPTANCE OF GOODS.
Short Summary
This legal document governs the revocation of acceptance of goods by lessees. It outlines the circumstances under which a lessee can revoke acceptance of a lot or commercial unit if its nonconformity substantially impairs its value. The lessee can revoke acceptance if the nonconformity is not seasonably cured or if the acceptance was induced by the lessor’s assurances or difficulty of discovery. Additionally, the lessee can revoke acceptance if the lessor defaults under the lease contract and the default substantially impairs the value of the goods. The document specifies that revocation must occur within a reasonable time after discovery and before any substantial change in the goods’ condition. Once revoked, the lessee has the same rights and duties as if they had rejected the goods. The document does not mention any specific exemptions or penalties.
Whom does it apply to?
Lessees
What does it govern?
Revocation of acceptance of goods
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Minnesota