California Statutes
§ 10404. — 10404. (Amended by Stats. 1991, Ch. 111, Sec. 36.)
California·Code COM Commercial Code - COM·Div. 10. DIVISION 10. PERSONAL PROPERTY LEASES·Ch. 4. CHAPTER 4. Performance of Leased 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 les
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California § 10404. (10404. (Amended by Stats. 1991, Ch. 111, Sec. 36.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1991, Ch. 111, Sec. 36. Effective July 15, 1991.