Illinois Statutes
§ 2A-517 — Revocation of acceptance of goods
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 810 COMMERCIAL CODE·Act 810 ILCS 5/ Uniform Commercial Code.·Art. Article 2A - Leases
(1)A lessee may revoke acceptance of a lot or commercial unit whose nonconformity substantially impairs its value to the lessee if the lessee has accepted it:
(a)except in the case of a finance lease, on the reasonable assumption that its nonconformity would be cured and it has not been seasonably cured; or (b) without discovery of the nonconformity if the lessee's acceptance was reasonably induced either by the lessor's assurances or, except in the case of a finance lease, by the difficulty of discovery before acceptance.
(2)Except in the case of a finance lease that is not a consumer lease, a lessee may revoke acceptance of a lot or commercial unit if the lessor defaults under the lease contract and the default substantially impairs the value of that lot or commercial unit to the less
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Illinois § 2A-517 (Revocation of acceptance of goods) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 87-493.)
Nearby Sections
15
§ 2A-101
Short title§ 2A-102
Scope§ 2A-104
Leases subject to other law§ 2A-105
§ 2A-105§ 2A-106
§ 2A-106§ 2A-108
Unconscionability§ 2A-109
Option to accelerate at will§ 2A-201
Statute of frauds§ 2A-203
Seals inoperative§ 2A-204
Formation in general§ 2A-205
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