2-A-512 - Lessee's Duties as to Rightfully Rejected Goods. - New-york Statutes

State Codes and Statutes

Statutes > New-york > Ucc > Article-2-a > Part-5 > 2-a-512

Section 2-A-512. Lessee's Duties as to Rightfully Rejected Goods.    (1)  Except  as otherwise provided with respect to goods that threaten  to decline in value  speedily  (Section  2-A-511)  and  subject  to  any  security interest of a lessee (Section 2-A-508(5)):         (a) the   lessee,  after  rejection  of  goods  in  the  lessee's             possession, shall hold  them  with  reasonable  care  at  the             lessor's  or the supplier's disposition for a reasonable time             after the lessee's seasonable notification of rejection;         (b) if the lessor or the supplier gives no instructions within  a             reasonable  time  after notification of rejection, the lessee             may  store  the  rejected  goods  for  the  lessor's  or  the             supplier's account or ship them to the lessor or the supplier             or dispose of them for the lessor's or the supplier's account             with reimbursement in the manner provided in Section 2-A-511;             but         (c) the  lessee  has  no further obligations with regard to goods             rightfully rejected.    (2) Action by the lessee pursuant to subsection (1) is not  acceptance  or conversion.

State Codes and Statutes

Statutes > New-york > Ucc > Article-2-a > Part-5 > 2-a-512

Section 2-A-512. Lessee's Duties as to Rightfully Rejected Goods.    (1)  Except  as otherwise provided with respect to goods that threaten  to decline in value  speedily  (Section  2-A-511)  and  subject  to  any  security interest of a lessee (Section 2-A-508(5)):         (a) the   lessee,  after  rejection  of  goods  in  the  lessee's             possession, shall hold  them  with  reasonable  care  at  the             lessor's  or the supplier's disposition for a reasonable time             after the lessee's seasonable notification of rejection;         (b) if the lessor or the supplier gives no instructions within  a             reasonable  time  after notification of rejection, the lessee             may  store  the  rejected  goods  for  the  lessor's  or  the             supplier's account or ship them to the lessor or the supplier             or dispose of them for the lessor's or the supplier's account             with reimbursement in the manner provided in Section 2-A-511;             but         (c) the  lessee  has  no further obligations with regard to goods             rightfully rejected.    (2) Action by the lessee pursuant to subsection (1) is not  acceptance  or conversion.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > New-york > Ucc > Article-2-a > Part-5 > 2-a-512

Section 2-A-512. Lessee's Duties as to Rightfully Rejected Goods.    (1)  Except  as otherwise provided with respect to goods that threaten  to decline in value  speedily  (Section  2-A-511)  and  subject  to  any  security interest of a lessee (Section 2-A-508(5)):         (a) the   lessee,  after  rejection  of  goods  in  the  lessee's             possession, shall hold  them  with  reasonable  care  at  the             lessor's  or the supplier's disposition for a reasonable time             after the lessee's seasonable notification of rejection;         (b) if the lessor or the supplier gives no instructions within  a             reasonable  time  after notification of rejection, the lessee             may  store  the  rejected  goods  for  the  lessor's  or  the             supplier's account or ship them to the lessor or the supplier             or dispose of them for the lessor's or the supplier's account             with reimbursement in the manner provided in Section 2-A-511;             but         (c) the  lessee  has  no further obligations with regard to goods             rightfully rejected.    (2) Action by the lessee pursuant to subsection (1) is not  acceptance  or conversion.