§ 2A.501 Default: Procedure
§ 2A.502 Notice After Default
§ 2A.503 Modification or Impairment of Rights and Remedies
§ 2A.504 Liquidation of Damages
§ 2A.505 Cancellation and Termination and Effect of Cancellation, Termination, Rescission, or Fraud On Rights and Remedies
§ 2A.506 Statute of Limitations
§ 2A.507 Proof of Market Rent
§ 2A.508 Lessee’S Remedies
§ 2A.509 Lessee’S Rights On Improper Delivery; Rightful Rejection
§ 2A.510 Installment Lease Contracts: Rejection and Default
§ 2A.511 Merchant Lessee’S Duties as to Rightfully Rejected Goods
§ 2A.512 Lessee’S Duties as to Rightfully Rejected Goods
§ 2A.513 Cure by Lessor of Improper Tender or Delivery; Replacement
§ 2A.514 Waiver of Lessee’S Objections
§ 2A.515 Acceptance of Goods
§ 2A.516 Effect of Acceptance of Goods; Notice of Default; Burden of Establishing Default After Acceptance; Notice of Claim or Litigation to Person Answerable Over
§ 2A.517 Revocation of Acceptance of Goods
§ 2A.518 Cover; Substitute Goods
§ 2A.519 Lessee’S Damages for Nondelivery, Repudiation, Default, and Breach of Warranty in Regard to Accepted Goods
§ 2A.520 Lessee’S Incidental and Consequential Damages
§ 2A.521 Lessee’S Right to Specific Performance, Replevin, and Other Remedies
§ 2A.522 Lessee’S Right to Goods On Lessor’S Insolvency
§ 2A.523 Lessor’S Remedies
§ 2A.524 Lessor’S Right to Identify Goods to Lease Contract
§ 2A.525 Lessor’S Right to Possession of Goods
§ 2A.526 Lessor’S Stoppage of Delivery in Transit or Otherwise
§ 2A.527 Lessor’S Rights to Dispose of Goods
§ 2A.528 Lessor’S Damages for Nonacceptance, Failure to Pay, Repudiation, or Other Default
§ 2A.529 Lessor’S Action for the Rent
§ 2A.530 Lessor’S Incidental Damages
§ 2A.531 Standing to Sue Third Parties for Injury to Goods
§ 2A.532 Lessor’S Rights to Residual Interest

Terms Used In Texas Business and Commerce Code Chapter 2A > Subchapter E

  • 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
  • Consumer lease: means a lease that a lessor regularly engaged in the business of leasing or selling makes to a lessee who is an individual and who takes under the lease primarily for a personal, family, or household purpose, if the total payments to be made under the lease contract, excluding payments for options to renew or buy, do not exceed $25,000. See Texas Business and Commerce Code 2A.103
  • Dependent: A person dependent for support upon another.
  • Fiduciary: A trustee, executor, or administrator.
  • Finance lease: means a lease with respect to which:
    (A) the lessor does not select, manufacture, or supply the goods;
    (B) the lessor acquires the goods or the right to possession and use of the goods in connection with the lease; and
    (C) one of the following occurs:
    (i) the lessee receives a copy of the contract by which the lessor acquired the goods or the right to possession and use of the goods before signing the lease contract;
    (ii) the lessee's approval of the contract by which the lessor acquired the goods or the right to possession and use of the goods is a condition to effectiveness of the lease contract;
    (iii) the lessee, before signing the lease contract, receives an accurate and complete statement designating the promises and warranties, and any disclaimers of warranties, limitations or modifications of remedies, or liquidated damages, including those of a third party, such as the manufacturer of the goods, provided to the lessor by the person supplying the goods in connection with or as part of the contract by which the lessor acquired the goods or the right to possession and use of the goods; or
    (iv) if the lease is not a consumer lease, the lessor, before the lessee signs the lease contract, informs the lessee in writing (a) of the identity of the person supplying the goods to the lessor, unless the lessee has selected that person and directed the lessor to acquire the goods or the right to possession and use of the goods from that person, (b) that the lessee is entitled under this chapter to the promises and warranties, including those of any third party, provided to the lessor by the person supplying the goods in connection with or as part of the contract by which the lessor acquired the goods or the right to possession and use of the goods, and (c) that the lessee may communicate with the person supplying the goods to the lessor and receive an accurate and complete statement of those promises and warranties, including any disclaimers and limitations of them or of remedies. See Texas Business and Commerce Code 2A.103
  • Fraud: Intentional deception resulting in injury to another.
  • 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
  • Habeas corpus: A writ that is usually used to bring a prisoner before the court to determine the legality of his imprisonment. It may also be used to bring a person in custody before the court to give testimony, or to be prosecuted.
  • Installment lease contract: means a lease contract that authorizes or requires the delivery of goods in separate lots to be separately accepted, even though the lease contract contains the clause "each delivery is a separate lease" or its equivalent. See Texas Business and Commerce Code 2A.103
  • Lease: means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. See Texas Business and Commerce Code 2A.103
  • Lease agreement: means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided by this chapter. See Texas Business and Commerce Code 2A.103
  • Lease contract: means the total legal obligation that results from the lease agreement as affected by this chapter and any other applicable rules of law. See 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
  • Lot: means a parcel or a single article that is the subject matter of a separate lease or delivery, whether or not it is sufficient to perform the lease contract. See Texas Business and Commerce Code 2A.103
  • Merchant lessee: means a lessee that is a merchant with respect to goods of the kind subject to the lease. See Texas Business and Commerce Code 2A.103
  • Present value: means the amount as of a date certain of one or more sums payable in the future, discounted to the date certain. See Texas Business and Commerce Code 2A.103
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Purchase: includes taking by sale, lease, mortgage, security interest, pledge, gift, or any other voluntary transaction creating an interest in goods. See Texas Business and Commerce Code 2A.103
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • 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