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Can you summarize NHRS 382-A:2A-102?
UNIFORM COMMERCIAL CODE > Scope.
Short Summary
This legal document, part of the New Hampshire Revised Statutes, falls under the Uniform Commercial Code (Chapter 382-A) and specifically pertains to lease transactions. It applies to any transaction, regardless of form, that creates a lease. In the case of a hybrid lease, the provisions of this Article apply to the extent provided in subsection (2). In a hybrid lease where the lease-of-goods aspects do not predominate, only the provisions of this Article that relate primarily to the lease-of-goods aspects apply, while the provisions that relate primarily to the transaction as a whole do not apply. Section 2A-209 applies if the lease is a finance lease, and Section 2A-407 applies to the promises of the lessee in a finance lease to the extent the promises are consideration for the right to possession and use of the leased goods. If the lease-of-goods aspects predominate in a hybrid lease, this article applies to the transaction but does not preclude the application of other laws to aspects of the lease that do not relate to the lease of goods.
Whom does it apply to?
Any party involved in a lease transaction
What does it govern?
Lease transactions
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire