Arizona Statutes
§ 47-2A404 — Substituted performance
Arizona·Title 47 Arizona Revised Statutes·Ch. 2A LEASES·Art. 4 Performance of Lease Contract Repudiated, Substituted and Excused
A.If without fault of the lessee, the lessor and the supplier, the agreed berthing, loading or unloading facilities fail or the agreed type of carrier becomes unavailable or the agreed manner of delivery otherwise becomes commercially impracticable, but a commercially reasonable substitute is available, the substitute performance must be tendered and accepted.
B.If the agreed means or manner of payment fails because of domestic or foreign governmental regulation:
1.The lessor may withhold or stop delivery or cause the supplier to withhold or stop delivery unless the lessee provides a means or manner of payment that is commercially a substantial equivalent; and
2.If delivery has already been taken, payment by the means or in the manner provided by the regulation discharges the lessee
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Nearby Sections
15
§ 47-10101
Provision for transition§ 47-1101
Short title§ 47-1102
Scope of chapter§ 47-1103
Construction to promote purposes and policies; applicability of supplemental principles of law§ 47-1104
Construction against implied repeal§ 47-1105
Severability§ 47-1106
Use of singular and plural; gender§ 47-1107
Section captions§ 47-1201
General definitions§ 47-1202
Notice; knowledge§ 47-1204
Value§ 47-1205
Reasonable time; "seasonably"§ 47-1206
Presumptions