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.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, specifically Chapter 382-A, governs the concept of substitute goods in lease contracts. It outlines the rights and options available to lessees in the event of a default by the lessor. The document states that after a default, the lessee has the option to cover by making a purchase or lease of goods to substitute for those originally due from the lessor.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the calculation of damages for lessees in cases of nondelivery, repudiation, default, and breach of warranty related to accepted goods. The measure of damages depends on whether the lessee elects to cover or not, and if cover is by lease agreement or 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.

(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.

(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.

(1) Subject to subsection (2) and even though the goods have not been shipped, a lessee who has paid a part or all of the rent and security for goods identified to a lease contract (Section 2A-217) on making and keeping good a tender of any unpaid portion of the rent and security due under the lease contract may recover the goods identified from the lessor if the lessor becomes insolvent within 10 days after receipt of the first installment of rent and security.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, outlines the remedies available to the lessor in a lease contract. If the lessee wrongfully rejects or revokes acceptance of goods, fails to make a payment when due, or repudiates the contract, the lessor has several options. These include canceling the lease contract, proceeding with goods not identified to the lease contract, withholding delivery of goods, stopping delivery by any bailee, disposing of the goods and recovering damages, retaining the goods and recovering damages, or recovering rent.

This provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, pertains to the lessor’s right to identify goods to a lease contract in the event of default by the lessee. If the lessee defaults under the lease contract, the lessor has the right to identify conforming goods that were in their possession or control at the time of default. Additionally, the lessor can dispose of goods that were intended for the lease contract, even if they are unfinished.

(1) If a lessor discovers the lessee to be insolvent, the lessor may refuse to deliver the goods. (2) After a default by the lessee under the lease contract of the type described in Section 2A-523(1) or 2A-523(3)(a) or, if agreed, after other default by the lessee, the lessor has the right to take possession of the goods. If the lease contract so provides, the lessor may require the lessee to assemble the goods and make them available to the lessor at a place to be designated by the lessor which is reasonably convenient to both parties.

This legal provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the ability of a lessor to stop the delivery of goods in transit or otherwise. It applies to lessors and lessees involved in the lease of goods. The lessor may stop delivery if they discover the lessee to be insolvent or if the lessee repudiates or fails to make a payment due before delivery. The lessor can exercise this right until the goods are received by the lessee or until acknowledgment is received from a bailee or carrier that they hold the goods for the lessee.