Kentucky Statutes 355.2A-520 – Lessee’s incidental and consequential damages
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(1) Incidental damages resulting from a lessor‘s default include expenses reasonably incurred in inspection, receipt, transportation, and care and custody of goods rightfully rejected or goods the acceptance of which is justifiably revoked, any commercially reasonable charges, expenses or commissions in connection with effecting cover, and any other reasonable expense incident to the default.
(2) Consequential damages resulting from a lessor’s default include:
(a) Any loss resulting from general or particular requirements and needs of which the lessor at the time of contracting had reason to know and which could not reasonably be prevented by cover or otherwise; and
(b) Injury to person or property proximately resulting from any breach of warranty.
Effective: January 1, 1991
History: Created 1990 Ky. Acts ch. 363, sec. 67, effective January 1, 1991.
(2) Consequential damages resulting from a lessor’s default include:
Terms Used In Kentucky Statutes 355.2A-520
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Goods: means all things that are movable at the time of identification to the lease contract, or are fixtures (KRS §. See Kentucky Statutes 355.2A-103
- Lessor: means a person who transfers the right to possession and use of goods under a lease. See Kentucky Statutes 355.2A-103
(a) Any loss resulting from general or particular requirements and needs of which the lessor at the time of contracting had reason to know and which could not reasonably be prevented by cover or otherwise; and
(b) Injury to person or property proximately resulting from any breach of warranty.
Effective: January 1, 1991
History: Created 1990 Ky. Acts ch. 363, sec. 67, effective January 1, 1991.