Vermont Statutes Title 9 Sec. 2a-513
Terms Used In Vermont Statutes Title 9 Sec. 2a-513
- Contract: A legal written agreement that becomes binding when signed.
- Lessee: means a person who acquires the right to possession and use of goods under a lease. See
- Lessor: means a person who transfers the right to possession and use of goods under a lease. See
- Supplier: means a person from whom a lessor buys or leases goods to be leased under a finance lease. See
§ 2A—513. Cure by lessor of improper tender or delivery; replacement
(1) If any tender or delivery by the lessor or the supplier is rejected because nonconforming and the time for performance has not yet expired, the lessor or the supplier may seasonably notify the lessee of the lessor’s or the supplier’s intention to cure and may then make a conforming delivery within the time provided in the lease contract.
(2) If the lessee rejects a nonconforming tender that the lessor or the supplier had reasonable grounds to believe would be acceptable with or without money allowance, the lessor or the supplier may have a further reasonable time to substitute a conforming tender if he or she seasonably notifies the lessee. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)