Wisconsin § 411.505 Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies.

Wisconsin Statutes

§ 411.505 — Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies.

Wisconsin § 411.505

Ch. 411Uniform commercial code — leases

Subch.subch. V of ch. 411 SUBCHAPTER V

DEFAULT

This text of Wisconsin § 411.505 (Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 411.505 (2026).

Text

505
505(1) (1) On cancellation of the lease contract, all obligations that are still executory on both sides are discharged, but any right based on earlier default or performance survives, and the canceling party also retains any remedy for default of the whole lease contract or any unperformed balance.
505(2) (2) On termination of the lease contract, all obligations that are still executory on both sides are discharged but any right based on earlier default or performance survives.
505(3) (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 earlier default.
505(4) (4) Rights and remedies for material misrepresent

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411.505
411.505(1) (1) On cancellation of the lease contract, all obligations that are still executory on both sides are discharged, but any right based on earlier default or performance survives, and the canceling party also retains any remedy for default of the whole lease contract or any unperformed balance.
411.505(2) (2) On termination of the lease contract, all obligations that are still executory on both sides are discharged but any right based on earlier default or performance survives.
411.505(3) (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 earlier default.
411.505(4) (4) Rights and remedies for material misrepresentation or fraud include all rights and remedies available under this chapter for default.
411.505(5) (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.