California Commercial Code 10515 – (a) Acceptance of goods occurs after the lessee has had a …
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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
Terms Used In California Commercial Code 10515
- Commercial unit: means such 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 California Commercial Code 10103
- Goods: means all things that are movable at the time of identification to the lease contract, or are fixtures (Section 10309), 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 California Commercial Code 10103
- Lessee: means a person who acquires the right to possession and use of goods under a lease. See California Commercial Code 10103
- Lessor: means a person who transfers the right to possession and use of goods under a lease. See California Commercial Code 10103
- Supplier: means a person from whom a lessor buys or leases goods to be leased under a finance lease. See California Commercial Code 10103
(2) The lessee fails to make an effective rejection of the goods (subdivision (b) of Section 10509).
(b) Acceptance of a part of any commercial unit is acceptance of that entire unit.
(Amended by Stats. 1991, Ch. 111, Sec. 53. Effective July 15, 1991.)