Can you summarize MNST 336.2A-512?
This legal document, part of the Minnesota Statutes under the Trade Regulations and Consumer Protection section, specifically falls under the Uniform Commercial Code. It outlines the duties of a lessee regarding goods that have been rightfully rejected. 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 them of 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.
Can you summarize MNST 336.2A-513?
(1) If any tender or delivery by the lessor or the supplier is rejected because nonconforming and the time for performance has not yet expired, the lessor or the supplier may seasonably notify the lessee of the lessor’s or the supplier’s intention to cure and may then make a conforming delivery within the time provided in the lease contract. (2) If the lessee rejects a nonconforming tender that the lessor or the supplier had reasonable grounds to believe would be acceptable with or without money allowance, the lessor or the supplier may have a further reasonable time to substitute a conforming tender if the lessor or supplier seasonably notifies the lessee.
Can you summarize MNST 336.2A-514?
(1) In rejecting goods, a lessee’s failure to state a particular defect that is ascertainable by reasonable inspection precludes the lessee from relying on the defect to justify rejection or to establish default: (a) if, stated seasonably, the lessor or the supplier could have cured it (section 336.2A-513 ); or (b) between merchants if the lessor or the supplier after rejection has made a request in writing for a full and final written statement of all defects on which the lessee proposes to rely.
Can you summarize MNST 336.2A-515?
(1) Acceptance of goods occurs after the lessee has had a reasonable opportunity to inspect the goods and (a) the lessee signifies or acts with respect to the goods in a manner that signifies to the lessor or the supplier that the goods are conforming or that the lessee will take or retain them in spite of their nonconformity; or (b) the lessee fails to make an effective rejection of the goods (section 336.
Can you summarize MNST 336.2A-516?
This legal document, part of the Minnesota Statutes under the Trade Regulations and Consumer Protection section, pertains to the effect of acceptance of goods in lease contracts. It states that a lessee must pay rent for any goods accepted in accordance with the lease contract, with due allowance for rejected or undelivered goods. Acceptance of goods by a lessee precludes rejection, except in cases of finance leases where acceptance cannot be revoked if made with knowledge of a nonconformity.
Can you summarize MNST 336.2A-517?
This legal document 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 seasonably cured or if the acceptance was induced by the lessor’s assurances or difficulty of discovery. Additionally, the lessee can revoke acceptance if the lessor defaults under the lease contract and the default substantially impairs the value of the goods.
Can you summarize MNST 336.2A-518?
This legal document, part of the Minnesota Statutes under the Uniform Commercial Code, pertains to the concept of substitute goods in the event of default by a lessor under a lease contract. It states that after a default by a lessor, the lessee has the option to cover the default by making a purchase or lease of goods in substitution for those due from the lessor. If the lessee’s cover is by a lease agreement substantially similar to the original lease agreement and made in good faith and in a commercially reasonable manner, the lessee may recover damages from the lessor.
Can you summarize MNST 336.2A-519?
This legal document, governed by the Minnesota Statutes under the Uniform Commercial Code, addresses the damages that lessees may claim in cases of nondelivery, repudiation, default, and breach of warranty regarding accepted goods. The measure of damages depends on whether the lessee elects to cover or not, and whether the cover is by lease agreement or by purchase. The damages include the present value of the difference between the market rent and the original rent, computed for the remaining lease term, along with incidental and consequential damages, less expenses saved due to the lessor’s default.
Can you summarize MNST 336.2A-520?
(1) Incidental damages resulting from a lessor’s default include expenses reasonably incurred in inspection, receipt, transportation, and care and custody of goods rightfully rejected or goods the acceptance of which is justifiably revoked, any commercially reasonable charges, expenses or commissions in connection with effecting cover, and any other reasonable expense incident to the default. (2) Consequential damages resulting from a lessor’s default include: (a) any loss resulting from general or particular requirements and needs of which the lessor at the time of contracting had reason to know and which could not reasonably be prevented by cover or otherwise; and (b) injury to person or property proximately resulting from any breach of warranty.
Can you summarize MNST 336.2A-521?
(1) Specific performance may be decreed if the goods are unique or in other proper circumstances. (2) A decree for specific performance may include any terms and conditions as to payment of the rent, damages, or other relief that the court deems just. (3) A lessee has a right of replevin, detinue, sequestration, claim and delivery, or the like for goods identified to the lease contract if after reasonable effort the lessee is unable to effect cover for those goods or the circumstances reasonably indicate that the effort will be unavailing.