Colorado Statutes
§ 4-2.5-510 — Installment lease contracts: rejection and default
Colorado § 4-2.5-510
This text of Colorado § 4-2.5-510 (Installment lease contracts: rejection and default) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 4-2.5-510 (2026).
Text
(1)Under an
installment lease contract a lessee may reject any delivery that is nonconforming if
the nonconformity substantially impairs the value of that delivery and cannot be
cured or the nonconformity is a defect in the required documents; but if the
nonconformity does not fall within subsection (2) of this section and the lessor or
the supplier gives adequate assurance of its cure, the lessee must accept that
delivery.
(2)Whenever nonconformity or default with respect to one or more
deliveries substantially impairs the value of the installment lease contract as a
whole there is a default with respect to the whole. But, the aggrieved party
reinstates the installment lease contract as a whole if the aggrieved party accepts
a nonconforming delivery without seasonably notifyi
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Legislative History
Source: L. 91: Entire article added, p. 305, � 1, effective July 1, 1992.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faithCite This Page — Counsel Stack
Bluebook (online)
Colorado § 4-2.5-510, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/04/4-2.5-510.