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Can you summarize NHRS 382-A:2A-501?
UNIFORM COMMERCIAL CODE > Default; Procedure.
Short Summary
This legal document, part of the New Hampshire Revised Statutes, falls under the Uniform Commercial Code (Chapter 382-A). It governs lease contracts and determines default conditions for lessors and lessees. The document states that default is determined by the lease agreement and this Article. If either party is in default, the party seeking enforcement has rights and remedies as provided in this Article and the lease agreement. The party seeking enforcement may pursue various procedures, including self-help, judicial or nonjudicial procedures, arbitration, or administrative proceedings. The rights and remedies mentioned in the document are cumulative, unless otherwise specified. If the lease agreement covers both real property and goods, the party seeking enforcement may proceed under this Part for goods or under other applicable law for both real property and goods. However, this Part does not apply in that case. The document does not mention any specific penalties for non-compliance or violations.
Whom does it apply to?
Lessors and lessees
What does it govern?
Lease contracts
What are exemptions?
None mentioned
What are the Penalties?
Not specified
Jurisdiction
New Hampshire