§2-1524. Lessor's right to identify goods to lease contract
(1).
A lessor aggrieved under section 2-1523, subsection (1) may:
(a). Identify to the lease contract conforming goods not already identified if at the time the lessor learned of the default
they were in the lessor's or the supplier's possession or control; and [1991, c. 805, §4 (NEW).]
(b). Dispose of goods (section 2-1527, subsection (1)) that demonstrably have been intended for the particular lease contract
even though those goods are unfinished. [1991, c. 805, §4 (NEW).]
[
1991, c. 805, §4 (NEW)
.]
(2).
If the goods are unfinished, in the exercise of reasonable commercial judgment for the purposes of avoiding loss and of
effective realization, an aggrieved lessor or the supplier may either complete manufacture and wholly identify the goods to
the lease contract, cease manufacture and lease, sell or otherwise dispose of the goods for scrap or salvage value or proceed
in any other reasonable manner.
[
1991, c. 805, §4 (NEW)
.]
SECTION HISTORY
1991, c. 805, §4 (NEW).
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