2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.2A-208 MODIFICATION, RESCISSION AND WAIVER.
336.2A-208 MODIFICATION, RESCISSION AND WAIVER.
(1) An agreement modifying a lease contract needs no consideration to be binding.
(2) A signed lease agreement that excludes modification or rescission except by a signed
writing may not be otherwise modified or rescinded, but, except as between merchants, this
requirement on a form supplied by a merchant must be separately signed by the other party.
(3) Although an attempt at modification or rescission does not satisfy the requirements
of subsection (2), it may operate as a waiver.
(4) A party who has made a waiver affecting an executory portion of a lease contract may
retract the waiver by reasonable notification received by the other party that strict performance
will be required of any term waived, unless the retraction would be unjust in view of a material
change of position in reliance on the waiver.
History: 1989 c 232 art 1 s 2A-208
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