§ 2A-221. Casualty to identified goods
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 2A-221
§ 2A-221. Casualty to identified goods
If a lease contract requires goods identified when the lease contract is made, and the goods suffer casualty without fault of the lessee, the lessor or the supplier before delivery, or the goods suffer casualty before risk of loss passes to the lessee pursuant to the lease agreement or § 2A-219, then:
(b) If the loss is partial or the goods have so deteriorated as to no longer conform to the lease contract, the lessee may nevertheless demand inspection and at his (or her) option either treat the lease contract as avoided or, except in a finance lease, accept the goods with due allowance from the rent payable for the balance of the lease term for the deterioration or the deficiency in quantity but without further right against the lessor.
Credits
Added by Acts 1994, c. 535, § 1, eff. Jan. 1, 1995.
MD Code, Commercial Law, § 2A-221, MD COML § 2A-221
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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