N.Y. Uniform Commercial Code 2-A-520 – Lessee's Incidental and Consequential Damages
Section 2-A-520. Lessee's Incidental and Consequential Damages.
Terms Used In N.Y. Uniform Commercial Code 2-A-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
(Section 2-A-309), 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 N.Y. Uniform Commercial Code 2-A-103 - Lessor: means a person who transfers the right to possession
and use of goods under a lease. See N.Y. Uniform Commercial Code 2-A-103
(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.