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Can you summarize NHRS 382-A:2A-517?
UNIFORM COMMERCIAL CODE > Revocation of Acceptance of Goods.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, 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 cured within a reasonable time or if the lessor defaults under the lease contract. The document also allows revocation of acceptance due to other defaults by the lessor if the lease agreement provides for it. Revocation must occur within a reasonable time after discovery of the ground for it and before any substantial change in the condition of the goods. The lessee must notify the lessor for the revocation to be effective. Upon revocation, the lessee has the same rights and duties as if they had rejected the goods. No specific penalties or exemptions are mentioned in this document.
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
New Hampshire