Can you summarize NHRS 382-A:2A-527?
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the rights of a lessor to dispose of goods in various scenarios. It applies to both the lessor and lessee involved in a lease contract. The document outlines the circumstances under which the lessor can dispose of the goods, including after a default by the lessee or refusal to deliver the goods. The lessor has the option to dispose of the goods through lease, sale, or other means.
Can you summarize NHRS 382-A:2A-528?
This provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the damages that a lessor can recover in case of non-acceptance, failure to pay, repudiation, or other default by the lessee. The lessor has the option to retain or dispose of the goods and can recover damages for the default, including accrued and unpaid rent, the present value of the remaining lease term minus the market rent, and any incidental damages allowed under Section 2A-530.
Can you summarize NHRS 382-A:2A-529?
This legal document, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the lessor’s action for the rent in lease contracts. It outlines the circumstances under which the lessor can recover damages from the lessee for goods accepted or identified in the lease contract. The damages include accrued and unpaid rent, the present value of rent for the remaining lease term, and any incidental damages allowed under Section 2A-530.
Can you summarize NHRS 382-A:2A-530?
Incidental damages to an aggrieved lessor include any commercially reasonable charges, expenses, or commissions incurred in stopping delivery, in the transportation, care and custody of goods after the lessee’s default, in connection with return or disposition of the goods, or otherwise resulting from the default.
Source. 1993, 345:1, eff. Jan. 1, 1994.
Can you summarize NHRS 382-A:2A-531?
This provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the standing to sue third parties for injury to goods. It states that if a third party causes actionable injury to a party to the lease contract, the lessor and the lessee both have a right of action against the third party under certain conditions. The lessor has a right of action regardless, while the lessee has a right of action if they have a security interest in the goods, an insurable interest in the goods, or bear the risk of loss under the lease contract.
Can you summarize NHRS 382-A:2A-532?
In addition to any other recovery permitted by this Article or other law, the lessor may recover from the lessee an amount that will fully compensate the lessor for any loss of or damage to the lessor’s residual interest in the goods caused by the default of the lessee.
Source. 1993, 345:1, eff. Jan. 1, 1994.
Can you summarize NHRS 382-A:3-101?
This Article may be cited as Uniform Commercial Code-Negotiable Instruments.
Source. 1993, 346:1, eff. Jan. 1, 1994.
Can you summarize NHRS 382-A:3-102?
(a) This Article applies to negotiable instruments. It does not apply to money, to payment orders governed by Article 4A, or to securities governed by Article 8.
(b) If there is conflict between this Article and Article 4 or 9, Articles 4 and 9 govern.
(c) Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the Federal Reserve Banks supersede any inconsistent provision of this Article to the extent of the inconsistency.
Can you summarize NHRS 382-A:3-103?
This legal document provides definitions for various terms used in the Uniform Commercial Code (UCC) in the state of New Hampshire. It defines terms such as acceptor, drawee, drawer, maker, order, ordinary care, party, promise, prove, remitter, and more. The document also references other definitions from different sections of the UCC, such as acceptance, accommodation party, alteration, indorsement, negotiable instrument, payment, person entitled to enforce, and more. It is important to consult this document to understand the precise meanings of these terms when dealing with commercial transactions governed by the UCC in New Hampshire.
Can you summarize NHRS 382-A:3-104?
This legal document, part of the New Hampshire Revised Statutes, specifically the Uniform Commercial Code (Chapter 382-A), defines and governs negotiable instruments. A negotiable instrument is an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges. It must be payable to bearer or order, payable on demand or at a definite time, and must not contain any other undertakings or instructions beyond the payment of money.