There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 2A Leases
355.2A.517 Revocation of acceptance of goods.
Download pdf(a) Except in the case of a finance lease, on the reasonable assumption that its nonconformity would be cured and it has not been seasonably cured; or (b) Without discovery of the nonconformity if the lessee's acceptance was reasonably induced either by the lessor's assurances or, except in the case of a
finance lease, by the difficulty of discovery before acceptance. (2) Except in the case of a finance lease that is not a consumer lease, a lessee may revoke acceptance of a lot or commercial unit if the lessor defaults under the lease
contract and the default substantially impairs the value of that lot or commercial
unit to the lessee. (3) If the lease agreement so provides, the lessee may revoke acceptance of a lot or commercial unit because of other defaults by the lessor. (4) Revocation of acceptance must occur within a reasonable time after the lessee discovers or should have discovered the ground for it and before any substantial
change in condition of the goods which is not caused by the nonconformity.
Revocation is not effective until the lessee notifies the lessor. (5) A lessee who so revokes has the same rights and duties with regard to the goods involved as if the lessee had rejected them. Effective: January 1, 1993
History: Amended 1992 Ky. Acts ch. 116, sec. 15, effective January 1, 1993 -- Created 1990 Ky. Acts ch. 363, sec. 64, effective January 1, 1991.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.