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Can you summarize NHRS 382-A:2A-508?
UNIFORM COMMERCIAL CODE > Lessee's Remedies.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, outlines the remedies available to lessees in certain situations. If a lessor fails to deliver goods in conformity to the lease contract, repudiates the lease contract, or if a lessee rightfully rejects or revokes acceptance of the goods, the lessee may cancel the lease contract, recover rent and security payments, cover and recover damages for all affected goods, or pursue other remedies provided in the lease contract. Additionally, if the goods have been identified, the lessee may recover them or seek specific performance or replevy in a proper case. In case of a lessor’s breach of warranty, the lessee may recover damages. The lessee also has a security interest in goods upon rightful rejection or revocation of acceptance, allowing them to hold and dispose of the goods in a commercially reasonable manner. The lessee may also deduct damages resulting from default under the lease contract from the rent still due. The document provides a comprehensive overview of the rights and remedies available to lessees in various scenarios.
Whom does it apply to?
Lessees and lessors involved in lease contracts
What does it govern?
Lessee's Remedies
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire