Ohio § 1310.51 Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies - UCC 2A-505

Ohio Statutes

§ 1310.51 — Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies - UCC 2A-505

Ohio § 1310.51

Title 13Commercial Transactions

Ch. 1310Leases

This text of Ohio § 1310.51 (Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies - UCC 2A-505) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1310.51 (2026).

Text

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

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

(C)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.

(D)Rights and remedies for material misrepresentation or fraud include all rights and remedie

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

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

(C) 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.

(D) Rights and remedies for material misrepresentation or fraud include all rights and remedies available under sections1310.01to1310.78of the Revised Code for default.

(E) A rescission of the lease contract, a claim for rescission of the lease contract, or a rejection or return of the goods does not bar, and shall not be considered inconsistent with, a claim for damages or other right or remedy.