2006 Ohio Revised Code - 1310.05. (UCC 2A-107) Waiver or renunciation of claim or right after default.
§ 1310.05. (UCC 2A-107) Waiver or renunciation of claim or right after default.
Any claim or right arising out of an alleged default or breach of warranty may be discharged in whole or in part without consideration by a written waiver or renunciation signed and delivered by the aggrieved party.
HISTORY: 144 v H 693. Eff 11-6-92.
Not analogous to former RC § 1310.05 (137 v H 1134; 144 v H 332), renumbered RC §
1315.05 in
144 v H 693, eff 11-6-92.
Official Comment
Revised to reflect leasing practices and terminology. This clause is used throughout the official comments to this Article to indicate the scope of change in the provisions of the Uniform Statutory Source included in the section; these changes range from one extreme, e.g., a significant difference in practice (a warranty as to merchantability is not implied in a finance lease (Section 2A-212)) to the other extreme, e.g., a modest difference in style or terminology (the transaction governed is a lease not a sale (Section 2A-203)).
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