LegalFix
Sign In

NRS 104A.2512 - Lessee’s duties as to rightfully rejected goods.

NV Rev Stat § 104A.2512 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

1. Except as otherwise provided with respect to goods that threaten to decline in value speedily (NRS 104A.2511) and subject to any security interest of a lessee (subsection 5 of NRS 104A.2508):

(a) The lessee, after rejection of goods in the lessee’s possession, shall hold them with reasonable care at the lessor’s or supplier’s disposition for a reasonable time after the lessee’s seasonable notification of rejection;

(b) If the lessor or the supplier gives no instructions within a reasonable time after notification of rejection, the lessee may store the rejected goods for the lessor’s or the supplier’s account or ship them to the lessor or the supplier or dispose of them for the lessor’s or the supplier’s account with reimbursement in the manner provided in NRS 104A.2511; but

(c) The lessee has no further obligations with regard to goods rightfully rejected.

2. Action by the lessee pursuant to subsection 1 is not acceptance or conversion.

(Added to NRS by 1989, 362; A 1989, 721)

Previous Section
NRS 104A.2511 - Merchant lessee’s duties as to rightfully rejected goods.
Next Section
NRS 104A.2513 - Cure by lessor of improper tender or delivery; replacement.