State Codes and Statutes

Statutes > Missouri > T26 > C400 > 400_2A-517

Revocation of acceptance of goods.

400.2A-517. (1) A lessee may revoke acceptance of a lot orcommercial unit whose nonconformity substantially impairs itsvalue to the lessee if the lessee has accepted it:

(a) except in the case of a finance lease, on thereasonable assumption that its nonconformity would be cured andit has not been seasonably cured; or

(b) without discovery of the nonconformity if the lessee'sacceptance was reasonably induced either by the lessor'sassurances or, except in the case of a finance lease, by thedifficulty of discovery before acceptance.

(2) Except in the case of a finance lease that is not aconsumer lease, a lessee may revoke acceptance of a lot orcommercial unit if the lessor defaults under the lease contractand the default substantially impairs the value of that lot orcommercial unit to the lessee.

(3) If the lease agreement so provides, the lessee mayrevoke acceptance of a lot or commercial unit because of otherdefaults by the lessor.

(4) Revocation of acceptance must occur within a reasonabletime after the lessee discovers or should have discovered theground for it and before any substantial change in condition ofthe goods which is not caused by the nonconformity. Revocationis not effective until the lessee notifies the lessor.

(5) A lessee who so revokes has the same rights and dutieswith regard to the goods involved as if the lessee had rejectedthem.

(L. 1992 S.B. 448)

State Codes and Statutes

Statutes > Missouri > T26 > C400 > 400_2A-517

Revocation of acceptance of goods.

400.2A-517. (1) A lessee may revoke acceptance of a lot orcommercial unit whose nonconformity substantially impairs itsvalue to the lessee if the lessee has accepted it:

(a) except in the case of a finance lease, on thereasonable assumption that its nonconformity would be cured andit has not been seasonably cured; or

(b) without discovery of the nonconformity if the lessee'sacceptance was reasonably induced either by the lessor'sassurances or, except in the case of a finance lease, by thedifficulty of discovery before acceptance.

(2) Except in the case of a finance lease that is not aconsumer lease, a lessee may revoke acceptance of a lot orcommercial unit if the lessor defaults under the lease contractand the default substantially impairs the value of that lot orcommercial unit to the lessee.

(3) If the lease agreement so provides, the lessee mayrevoke acceptance of a lot or commercial unit because of otherdefaults by the lessor.

(4) Revocation of acceptance must occur within a reasonabletime after the lessee discovers or should have discovered theground for it and before any substantial change in condition ofthe goods which is not caused by the nonconformity. Revocationis not effective until the lessee notifies the lessor.

(5) A lessee who so revokes has the same rights and dutieswith regard to the goods involved as if the lessee had rejectedthem.

(L. 1992 S.B. 448)


State Codes and Statutes

State Codes and Statutes

Statutes > Missouri > T26 > C400 > 400_2A-517

Revocation of acceptance of goods.

400.2A-517. (1) A lessee may revoke acceptance of a lot orcommercial unit whose nonconformity substantially impairs itsvalue to the lessee if the lessee has accepted it:

(a) except in the case of a finance lease, on thereasonable assumption that its nonconformity would be cured andit has not been seasonably cured; or

(b) without discovery of the nonconformity if the lessee'sacceptance was reasonably induced either by the lessor'sassurances or, except in the case of a finance lease, by thedifficulty of discovery before acceptance.

(2) Except in the case of a finance lease that is not aconsumer lease, a lessee may revoke acceptance of a lot orcommercial unit if the lessor defaults under the lease contractand the default substantially impairs the value of that lot orcommercial unit to the lessee.

(3) If the lease agreement so provides, the lessee mayrevoke acceptance of a lot or commercial unit because of otherdefaults by the lessor.

(4) Revocation of acceptance must occur within a reasonabletime after the lessee discovers or should have discovered theground for it and before any substantial change in condition ofthe goods which is not caused by the nonconformity. Revocationis not effective until the lessee notifies the lessor.

(5) A lessee who so revokes has the same rights and dutieswith regard to the goods involved as if the lessee had rejectedthem.

(L. 1992 S.B. 448)