Colorado § 4-2.5-512 Lessee's duties as to rightfully rejected goods

Colorado Statutes

§ 4-2.5-512 — Lessee's duties as to rightfully rejected goods

Colorado § 4-2.5-512

Title 04Uniform

Art.Leases

This text of Colorado § 4-2.5-512 (Lessee's duties as to rightfully rejected goods) 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. § 4-2.5-512 (2026).

Text

(1)Except as otherwise provided with respect to goods that threaten to decline in value speedily (section 4-2.5-511) and subject to any security interest of a lessee (section 4-2.5-508 (5)):

(a)The lessee, after rejection of goods in the lessee's possession, shall hold them with reasonable care at the lessor's or the supplier's disposition for a reasonable time after the lessee's seasonable notification of rejection;

(b)If the lessor or the supplier gives no instructions within a reasonable time after notification of rejection, the lessee may store the rejected goods for the lessor's or the supplier's account or ship them to the lessor or the supplier or dispose of them for the lessor's or the supplier's account with reimbursement in the manner provided in section 4-2.5-511; b

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(1) Except as
otherwise provided with respect to goods that threaten to decline in value speedily
(section 4-2.5-511) and subject to any security interest of a lessee (section 4-2.5-508 (5)):

(a) The lessee, after rejection of goods in the lessee's possession, shall hold
them with reasonable care at the lessor's or the supplier's disposition for a
reasonable time after the lessee's seasonable notification of rejection;

(b) If the lessor or the supplier gives no instructions within a reasonable time
after notification of rejection, the lessee may store the rejected goods for the
lessor's or the supplier's account or ship them to the lessor or the supplier or
dispose of them for the lessor's or the supplier's account with reimbursement in the
manner provided in section 4-2.5-511; but

(c) The lessee has no further obligations with regard to goods rightfully
rejected.

(2) Action by the lessee pursuant to subsection (1) of this section is not
acceptance or conversion.