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Can you summarize NHRS 382-A:2A-512?
UNIFORM COMMERCIAL CODE > Lessee's Duties as to Rightfully Rejected Goods.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, outlines the duties of a lessee regarding rightfully rejected goods. The lessee is required to hold the rejected goods with reasonable care at the lessor’s or supplier’s disposition for a reasonable time after notifying the rejection. If the lessor or supplier does not provide instructions within a reasonable time, the lessee may store, ship, or dispose of the rejected goods for the lessor’s or supplier’s account. However, once the goods are rightfully rejected, the lessee has no further obligations. It is important to note that this does not apply to goods that rapidly decline in value or if there is a security interest of a lessee. Taking action as outlined in this document does not constitute acceptance or conversion. No specific penalties are mentioned in this document.
Whom does it apply to?
Lessees
What does it govern?
Lessee's duties as to rightfully rejected goods
What are exemptions?
Goods that threaten to decline in value speedily and subject to any security interest of a lessee
What are the Penalties?
No specific penalties mentioned
Jurisdiction
New Hampshire