Section 7-2A-510 Installment Lease Contracts: Rejection and Default. — United States — Alabama law | Esheria

Section 7-2A-510 Installment Lease Contracts: Rejection and Default.

A lessee may reject a nonconforming delivery in an installment lease contract if the defect substantially impairs that delivery and cannot be cured, or if required documents are defective; but the lessee must accept the delivery if the lessor or supplier gives adequate assurance of cure and the case is outside subsecti

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Jurisdiction
United States — Alabama
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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contract reinstatement default lease delivery rejection

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Statute overview

About this statute

A lessee may reject a nonconforming delivery in an installment lease contract if the defect substantially impairs that delivery and cannot be cured, or if required documents are defective; but the lessee must accept the delivery if the lessor or supplier gives adequate assurance of cure and the case is outside subsection (2).