Nevada § 104A.2512 Lessee’s duties as to rightfully rejected goods

Nevada Statutes

§ 104A.2512 — Lessee’s duties as to rightfully rejected goods

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104A Uniform· Default

1. Except as otherwise provided with respect to goods that threaten to decline in value speedily ( NRS 104A.2511 ) and subject to any security interest of a lessee (subsection 5 of NRS 104A.2508 ):

(a)The lessee, after rejection of goods in the lessee’s possession, shall hold them with reasonable care at the lessor’s or supplier’s disposition for a reasonable time after the lessee’s seasonable notification of rejection;

(b)If the lessor or the supplier gives no instructions within a reasonable time after notification of rejection, the lessee may store the rejected goods for the lessor’s or the supplier’s account or ship them to the lessor or the supplier or dispose of them for the lessor’s or the supplier’s account with reimbursement in the manner provided in NRS 104A.2511 ; but

(c)The

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1. Except as otherwise provided with respect to goods that threaten to decline in value speedily ( NRS 104A.2511 ) and subject to any security interest of a lessee (subsection 5 of NRS 104A.2508 ):
(a) The lessee, after rejection of goods in the lessee’s possession, shall hold them with reasonable care at the lessor’s or supplier’s disposition for a reasonable time after the lessee’s seasonable notification of rejection;
(b) If the lessor or the supplier gives no instructions within a reasonable time after notification of rejection, the lessee may store the rejected goods for the lessor’s or the supplier’s account or ship them to the lessor or the supplier or dispose of them for the lessor’s or the supplier’s account with reimbursement in the manner provided in NRS 104A.2511 ; but
(c) The lessee has no further obligations with regard to goods rightfully rejected.
2. Action by the lessee pursuant to subsection 1 is not acceptance or conversion.

Nevada § 104A.2512 (Lessee’s duties as to rightfully rejected goods) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.