Montana § 30-2A-505 Cancellation And Termination -- Effect Of Cancellation, Termination, Rescission, Or Fraud On Rights And Remedies

Montana Statutes

§ 30-2A-505 — Cancellation And Termination -- Effect Of Cancellation, Termination, Rescission, Or Fraud On Rights And Remedies

Montana § 30-2A-505

Title 30TRADE AND COMMERCE

Ch. 2AUNIFORM COMMERCIAL CODE LEASES

Part 5Default

This text of Montana § 30-2A-505 (Cancellation And Termination -- Effect Of Cancellation, Termination, Rescission, Or Fraud On Rights And Remedies) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 30-2A-505 (2026).

Text

30-2A-505 . Cancellation and termination -- effect of cancellation, termination, rescission, or fraud on rights and remedies.

(1)On cancellation of the lease contract, all obligations that are still executory on both sides are discharged but any right based on prior default or performance survives, and the canceling party also retains any remedy for default of the whole lease contract or any unperformed balance.

(2)On termination of the lease contract, all obligations that are still executory on both sides are discharged but any right based on prior default or performance survives.

(3)Unless the contrary intention clearly appears, expressions of "cancellation", "rescission", or the like of the lease contract may not be construed as a renunciation or discharge of any claim in damages for

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30-2A-505 . Cancellation and termination -- effect of cancellation, termination, rescission, or fraud on rights and remedies. (1) On cancellation of the lease contract, all obligations that are still executory on both sides are discharged but any right based on prior default or performance survives, and the canceling party also retains any remedy for default of the whole lease contract or any unperformed balance.
(2) On termination of the lease contract, all obligations that are still executory on both sides are discharged but any right based on prior default or performance survives.
(3) Unless the contrary intention clearly appears, expressions of "cancellation", "rescission", or the like of the lease contract may not be construed as a renunciation or discharge of any claim in damages for an antecedent default.
(4) Rights and remedies for material misrepresentation or fraud include all rights and remedies available under this chapter for default.
(5) Neither rescission nor a claim for rescission of the lease contract nor rejection or return of the goods may bar or be considered inconsistent with a claim for damages or other right or remedy.