§ 4-2.5-520 — Lessee's incidental and consequential damages

Colorado § 4-2.5-520

• Jurisdiction: Colorado
• Title 04: Uniform
• Art.: Leases

Text

(1) Incidental
damages resulting from a lessor's default include expenses reasonably incurred in
inspection, receipt, transportation, and care and custody of goods rightfully
rejected or goods the acceptance of which is justifiably revoked, any commercially
reasonable charges, expenses or commissions in connection with effecting cover,
and any other reasonable expense incident to the default.

(2) Consequential damages resulting from a lessor's default include:

(a) Any loss resulting from general or particular requirements and needs of
which the lessor at the time of contracting had reason to know and which could not
reasonably be prevented by cover or otherwise; and

(b) Injury to person or property proximately resulting from any breach of
warranty.

Legislative History

Source: L. 91: Entire article added, p. 311, � 1, effective July 1, 1992.