Texas Business and Commerce Code 2A.515 – Acceptance of Goods
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(a) Acceptance of goods occurs after the lessee has had a reasonable opportunity to inspect the goods and:
(1) the lessee signifies or acts with respect to the goods in a manner that signifies to the lessor or the supplier that the goods are conforming or that the lessee will take or retain them in spite of their nonconformity; or
(2) the lessee fails to make an effective rejection of the goods (Section 2A.509(b)).
(b) Acceptance of a part of any commercial unit is acceptance of that entire unit.
Terms Used In Texas Business and Commerce Code 2A.515
- Commercial unit: means a unit of goods as by commercial usage is a single whole for purposes of lease and division of which materially impairs its character or value on the market or in use. See Texas Business and Commerce Code 2A.103
- Goods: means all things that are moveable at the time of identification to the lease contract, or are fixtures (Section Texas Business and Commerce Code 2A.103
- Lessee: means a person who acquires the right to possession and use of goods under a lease. See Texas Business and Commerce Code 2A.103
- Lessor: means a person who transfers the right to possession and use of goods under a lease. See Texas Business and Commerce Code 2A.103
- Supplier: means a person from whom a lessor buys or leases goods to be leased under a finance lease. See Texas Business and Commerce Code 2A.103