Alabama Statutes

§ 7-2A-519 — Lessee’s Damages for Nondelivery, Repudiation, Default, and Breach of Warranty in Regard to Accepted Goods

Alabama § 7-2A-519
JurisdictionAlabama
Title 7Commercial Code
Art. 2ALeases
Div. BDefault by Lessor
Part 5Default

This text of Alabama § 7-2A-519 (Lessee’s Damages for Nondelivery, Repudiation, Default, and Breach of Warranty in Regard to Accepted Goods) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ala. Code § 7-2A-519 (2026).

Text

(1)Except as otherwise provided with respect to damages liquidated in the lease agreement (Section 7-2A-504) or otherwise determined pursuant to agreement of the parties (Sections 7-1-302 and 7-2A-503), if a lessee elects not to cover or a lessee elects to cover and the cover is by lease agreement that for any reason does not qualify for treatment under Section 7-2A-518(2), or is by purchase or otherwise, the measure of damages for nondelivery or repudiation by the lessor or for rejection or revocation of acceptance by the lessee is the present value, as of the date of the default, of the then market rent minus the present value as of the same date of the original rent, computed for the remaining lease term of the original lease agreement, together with incidental and consequential damage

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Legislative History

(Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §519; Act 2004-524, p. 1070, §2.)

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Bluebook (online)
Alabama § 7-2A-519, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/7-2A-519.