Maine Revised Statutes Title 11 Sec. 2-1512 – Lessee’s duties as to rightfully rejected goods
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(1). Except as otherwise provided with respect to goods that threaten to decline in value speedily (section 2?1511), and subject to any security interest of a lessee (section 2?1508, subsection (5)):
(a). The lessee, after rejection of goods in the lessee’s possession, shall hold them with reasonable care at the lessor‘s or supplier‘s disposition for a reasonable time after the lessee’s seasonable notification of rejection; or [PL 1991, c. 805, §4 (NEW).]
(b). If the lessor or the supplier gives no instructions within a reasonable time after notification of rejection, the lessee may store the rejected goods for the lessor’s or the supplier’s account, ship them to the lessor or the supplier or dispose of them for the lessor’s or the supplier’s account with reimbursement in the manner provided in section 2?1511; but [PL 1991, c. 805, §4 (NEW).]
(c). The lessee has no further obligations with regard to goods rightfully rejected. [PL 1991, c. 805, §4 (NEW).]
[PL 1991, c. 805, §4 (NEW).]
Terms Used In Maine Revised Statutes Title 11 Sec. 2-1512
- Goods: means all things that are movable at the time of identification to the lease contract including mobile homes, or are fixtures (section 2?1309), but the term does not include money, documents, instruments, accounts, chattel paper, general intangibles or minerals or the like, including oil and gas, before extraction. See Maine Revised Statutes Title 11 Sec. 2-1103
- Lessee: means a person who acquires the right to possession and use of goods under a lease. See Maine Revised Statutes Title 11 Sec. 2-1103
- Lessor: means a person who transfers the right to possession and use of goods under a lease. See Maine Revised Statutes Title 11 Sec. 2-1103
- Supplier: means a person from whom a lessor buys or leases goods to be leased under a finance lease. See Maine Revised Statutes Title 11 Sec. 2-1103
(2). Action by the lessee pursuant to subsection (1) is not acceptance or conversion.
[PL 1991, c. 805, §4 (NEW).]
SECTION HISTORY
PL 1991, c. 805, §4 (NEW).