Section 2-A-221. Casualty to Identified Goods


Latest version.
  • 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 2-A-219, then:
        (1) if the loss is total, the lease contract is avoided; and
        (2) 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 his or her option either treat the lease contract as
      avoided or, except in a finance lease that  is  not  a  consumer  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.