Utah Statutes
§ 70A-2a-404 — Substituted performance.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-2a Uniform Commercial Code - Leases·Part 70A-2a-4 Obligation, Repudiation, Excused Performance
(1)If without fault of the lessee, the lessor and the supplier, the agreed berthing, loading, or unloading facilities fail or the agreed type of carrier becomes unavailable or the agreed manner of delivery otherwise becomes commercially impracticable, but a commercially reasonable substitute is available, the substitute performance must be tendered and accepted.
(2)If the agreed means or manner of payment fails because of domestic or foreign governmental regulation:
(2)(a) the lessor may withhold or stop delivery or cause the supplier to withhold or stop delivery unless the lessee provides a means or manner of payment that is commercially a substantial equivalent; and
(2)(b) if delivery has already been taken, payment by the means or in the manner provided by the regulation discharges t
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Legislative History
Enacted by Chapter 197, 1990 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.