2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.2A-221 CASUALTY TO IDENTIFIED GOODS.

336.2A-221 CASUALTY TO IDENTIFIED GOODS.
If a lease contract requires goods identified when the lease contract is made, and the goods
suffer casualty without fault of the lessee, the lessor or the supplier before delivery, or the
goods suffer casualty before risk of loss passes to the lessee pursuant to the lease agreement or
section 336.2A-219, then:
(a) if the loss is total, the lease contract is avoided; and
(b) if the loss is partial or the goods have so deteriorated as to no longer conform to the lease
contract, the lessee may nevertheless demand inspection and at the lessee's option either treat the
lease contract as avoided or, except in a finance lease, accept the goods with due allowance from
the rent payable for the balance of the lease term for the deterioration or the deficiency in quantity
but without further right against the lessor.
History: 1989 c 232 art 1 s 2A-221

Disclaimer: These codes may not be the most recent version. Minnesota 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.