There Is a Newer Version of the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 2A2 - Formation and Construction of Lease Contract
Section 2A208 - Modification, rescission and waiver
§ 2A208. Modification, rescission and waiver.
(a) Consideration unnecessary for modification.--An
agreement modifying a lease contract needs no consideration to
be binding.
(b) Writing excluding modification or rescission.--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by a signed writing may not be otherwise modified or rescinded,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, such a requirement on a form
supplied by a merchant must be separately signed by the other
party.
(c) Ineffective modification or rescission as waiver.--
Although an attempt at modification or rescission does not
satisfy the requirements of subsection (b), it may operate as a
waiver.
(d) Retraction of waiver.--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.
Cross References. Section 2A208 is referred to in section
2A207 of this title.
|
Disclaimer: These codes may not be the most recent version. Pennsylvania 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.