This legal document, sourced from the New Hampshire Revised Statutes, specifically the Uniform Commercial Code (Chapter 382-A), pertains to the determination of damages based on market rent for lease agreements involving goods. The document states that damages based on market rent are determined according to the rent for the use of the goods concerned for a lease term identical to the remaining lease term of the original lease agreement and prevailing at specified times.

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.

(1) Subject to the provisions of Section 2A-510 on default in installment lease contracts, if the goods or the tender or delivery fail in any respect to conform to the lease contract, the lessee may reject or accept the goods or accept any commercial unit or units and reject the rest of the goods. (2) Rejection of goods is ineffective unless it is within a reasonable time after tender or delivery of the goods and the lessee seasonably notifies the lessor.

(1) Under an installment lease contract a lessee may reject any delivery that is nonconforming if the nonconformity substantially impairs the value of that delivery and cannot be cured or the nonconformity is a defect in the required documents; but if the nonconformity does not fall within subsection (2) and the lessor or the supplier gives adequate assurance of its cure, the lessee must accept that delivery. (2) Whenever nonconformity or default with respect to one or more deliveries substantially impairs the value of the installment lease contract as a whole there is a default with respect to the whole.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, outlines the duties of a merchant lessee regarding rightfully rejected goods. If a lessor or supplier has no agent or place of business at the market of rejection, a merchant lessee must follow reasonable instructions from the lessor or supplier regarding the goods. In the absence of instructions, the merchant lessee must make reasonable efforts to sell, lease, or dispose of the goods for the lessor’s account if they are at risk of declining in value quickly.

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.

(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 he seasonably notifies the lessee.

(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 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.

(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 2A-509(2)).

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the effect of acceptance of goods, notice of default, burden of establishing default after acceptance, and notice of claim or litigation to person answerable over. It applies to lessees and lessors involved in lease contracts for goods. According to the document, a lessee must pay rent for any goods accepted in accordance with the lease contract, and acceptance of goods precludes rejection of the goods accepted.