California Statutes

§ 10516. — 10516. (Amended by Stats. 1991, Ch. 111, Sec. 54.)

California·Code COM Commercial Code - COM·Div. 10. DIVISION 10. PERSONAL PROPERTY LEASES·Ch. 5. CHAPTER 5. Default·Art. 2. ARTICLE 2. Default by Lessor
(a)A lessee must pay rent for any goods accepted in accordance with the lease contract, with due allowance for goods rightfully rejected or not delivered.
(b)A lessee’s acceptance of goods precludes rejection of the goods accepted. In the case of a finance lease, other than a consumer lease in which the supplier assisted in the preparation of the lease contract or participated in negotiating the terms of the lease contract with the lessor, if made with knowledge of a nonconformity, acceptance cannot be revoked because of it. In any other case, if made with knowledge of a nonconformity, acceptance cannot be revoked because of it unless the acceptance was on the reasonable assumption that the nonconformity would be seasonably cured. Acceptance does not of itself impair any other remedy pro

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

California § 10516. (10516. (Amended by Stats. 1991, Ch. 111, Sec. 54.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 1991, Ch. 111, Sec. 54. Effective July 15, 1991.
View on official source ↗