2-A-221 - Casualty to Identified Goods. - New-york Statutes

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Statutes > New-york > Ucc > Article-2-a > Part-2 > 2-a-221

Section 2-A-221. Casualty to Identified Goods.    If  a lease contract requires goods identified when the lease contract  is made, and the goods suffer casualty without fault of the lessee,  the  lessor  or  the  supplier  before delivery, or the goods suffer casualty  before risk of loss passes to the lessee pursuant to the lease agreement  or Section 2-A-219, then:    (1) if the loss is total, the lease contract is avoided; and    (2) if the loss is partial or the goods have so deteriorated as to  no  longer conform to the lease contract, the lessee may nevertheless demand  inspection  and  at his or her option either treat the lease contract as  avoided or, except in a finance lease that  is  not  a  consumer  lease,  accept  the  goods  with  due  allowance  from  the rent payable for the  balance of the lease term for the deterioration  or  the  deficiency  in  quantity but without further right against the lessor.

State Codes and Statutes

Statutes > New-york > Ucc > Article-2-a > Part-2 > 2-a-221

Section 2-A-221. Casualty to Identified Goods.    If  a lease contract requires goods identified when the lease contract  is made, and the goods suffer casualty without fault of the lessee,  the  lessor  or  the  supplier  before delivery, or the goods suffer casualty  before risk of loss passes to the lessee pursuant to the lease agreement  or Section 2-A-219, then:    (1) if the loss is total, the lease contract is avoided; and    (2) if the loss is partial or the goods have so deteriorated as to  no  longer conform to the lease contract, the lessee may nevertheless demand  inspection  and  at his or her option either treat the lease contract as  avoided or, except in a finance lease that  is  not  a  consumer  lease,  accept  the  goods  with  due  allowance  from  the rent payable for the  balance of the lease term for the deterioration  or  the  deficiency  in  quantity but without further right against the lessor.

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State Codes and Statutes

Statutes > New-york > Ucc > Article-2-a > Part-2 > 2-a-221

Section 2-A-221. Casualty to Identified Goods.    If  a lease contract requires goods identified when the lease contract  is made, and the goods suffer casualty without fault of the lessee,  the  lessor  or  the  supplier  before delivery, or the goods suffer casualty  before risk of loss passes to the lessee pursuant to the lease agreement  or Section 2-A-219, then:    (1) if the loss is total, the lease contract is avoided; and    (2) if the loss is partial or the goods have so deteriorated as to  no  longer conform to the lease contract, the lessee may nevertheless demand  inspection  and  at his or her option either treat the lease contract as  avoided or, except in a finance lease that  is  not  a  consumer  lease,  accept  the  goods  with  due  allowance  from  the rent payable for the  balance of the lease term for the deterioration  or  the  deficiency  in  quantity but without further right against the lessor.