Arizona § 47-2A505 Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies

Arizona Statutes

§ 47-2A505 — Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies

Arizona § 47-2A505

Title 47Arizona Revised Statutes

Ch. 2ALEASES

Art. 5Default

This text of Arizona § 47-2A505 (Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 47-2A505 (2026).

Text

A.On cancellation of the lease contract, all obligations that are still executory on both sides are discharged, but any right based on prior default or performance survives, and the cancelling party also retains any remedy for default of the whole lease contract or any unperformed balance.

B.On termination of the lease contract, all obligations that are still executory on both sides are discharged but any right based on prior default or performance survives.

C.Unless the contrary intention clearly appears, expressions of "cancellation", "rescission" or the like of the lease contract may not be construed as a renunciation or discharge of any claim in damages for an antecedent default.

D.Rights and remedies for material misrepresentation or fraud include, without limitation, all right

Free access — add to your briefcase to read the full text and ask questions with AI

A. On cancellation of the lease contract, all obligations that are still executory on both sides are discharged, but any right based on prior default or performance survives, and the cancelling party also retains any remedy for default of the whole lease contract or any unperformed balance.

B. On termination of the lease contract, all obligations that are still executory on both sides are discharged but any right based on prior default or performance survives.

C. Unless the contrary intention clearly appears, expressions of "cancellation", "rescission" or the like of the lease contract may not be construed as a renunciation or discharge of any claim in damages for an antecedent default.

D. Rights and remedies for material misrepresentation or fraud include, without limitation, all rights and remedies available under this Article for default.

E. Neither rescission nor a claim for rescission of the lease contract nor rejection or return of the goods may bar or be deemed inconsistent with a claim for damages or other right or remedy.