Indiana § 26-1-2.1-514 Waiver of lessee's objections

Indiana Statutes

§ 26-1-2.1-514 — Waiver of lessee's objections

Indiana § 26-1-2.1-514

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 2.1Leases

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Bluebook

Ind. Code § 26-1-2.1-514 (2026).

Text

(1)In rejecting goods, a lessee's failure to state a particular defect that is ascertainable by reasonable inspection precludes the lessee from relying on the defect to justify rejection or to establish default:

(a)if, stated seasonably, the lessor or the supplier could have cured it (IC 26-1-2.1-513); or

(b)between merchants if the lessor or the supplier after rejection has made a request in writing for a full and final written statement of all defects on which the lessee proposes to rely.

(2)A lessee's failure to reserve rights when paying rent or other consideration against documents precludes recovery of the payment for defects apparent in the documents.

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(1) In rejecting goods, a lessee's failure
to state a particular defect that is ascertainable by reasonable inspection
precludes the lessee from relying on the defect to justify rejection or to
establish default:
(a) if, stated seasonably, the lessor or the supplier could have
cured it (IC 26-1-2.1-513); or
(b) between merchants if the lessor or the supplier after rejection
has made a request in writing for a full and final written statement
of all defects on which the lessee proposes to rely.
(2) A lessee's failure to reserve rights when paying rent or other
consideration against documents precludes recovery of the payment for
defects apparent in the documents.