Idaho Statutes

§ 28-12-516 — EFFECT OF ACCEPTANCE OF GOODS — NOTICE OF DEFAULT — BURDEN OF ESTABLISHING DEFAULT AFTER ACCEPTANCE — NOTICE OF CLAIM OR LITIGATION TO PERSON ANSWERABLE OVER

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 5. DEFAULT·Ch. 12 UNIFORM COMMERCIAL CODE — LEASES
(1)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.
(2)A lessee’s acceptance of goods precludes rejection of the goods accepted. In the case of a finance lease, 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 provided by this chapter or the lease agreement for nonconformity.
(3)If a tender has been accepted:
(a)Within a reasonable time after the lessee discovers or should have discovered

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Idaho § 28-12-516 (EFFECT OF ACCEPTANCE OF GOODS — NOTICE OF DEFAULT — BURDEN OF ESTABLISHING DEFAULT AFTER ACCEPTANCE — NOTICE OF CLAIM OR LITIGATION TO PERSON ANSWERABLE OVER) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

[28-12-516, added 1993, ch. 287, sec. 1, p. 1005.]

Nearby Sections

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