§ 26-1-2.1-517 — Revocation of acceptance of goods

Indiana § 26-1-2.1-517

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 1: UNIFORM COMMERCIAL CODE
• Ch. 2.1: Leases

Text

(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 lessee.
(3) If the lease agreement so provides, the lessee may revoke
acceptance of a lot or commercial unit because of other defaults by the
lessor.
(4) Revocation of acceptance must occur within a reasonable time
after the lessee discovers or should have discovered the ground for it
and before any substantial change in condition of the goods which is
not caused by the nonconformity. Revocation is not effective until the
lessee notifies the lessor.
(5) A lessee who so revokes has the same rights and duties with
regard to the goods involved as if the lessee had rejected them.

Legislative History

As added by P.L.189-1991, SEC.3.