Source: http://www.law.cornell.edu/ucc/2A/2A-405
Timestamp: 2013-12-19 10:57:48
Document Index: 466223531

Matched Legal Cases: ['§ 2', 'ART 4', '§ 2', '§ 2', '§ 2', '§ 2']

§ 2A-405. EXCUSED PERFORMANCE. | U.C.C. - Uniform Commercial Code | LII / Legal Information Institute
Uniform Commercial Code › U.C.C. - ARTICLE 2A - LEASES (2002) › PART 4. PERFORMANCE OF LEASE CONTRACT: REPUDIATED, SUBSTITUTED AND EXCUSED › § 2A-405. EXCUSED PERFORMANCE.	§ 2A-405. EXCUSED PERFORMANCE.
Subject to Section 2A-404on substituted performance, the following rules apply:
(a) Delay in delivery or nondelivery in whole or in part by a lessor or a supplier who complies with paragraphs (b) and (c) is not a default under the lease contractif performance as agreed has been made impracticable by the occurrence of a contingency the nonoccurrence of which was a basic assumption on which the lease contract was made or by compliance in good faith with any applicable foreign or domestic governmental regulation or order, whether or not the regulation or order later proves to be invalid.
(b) If the causes mentioned in paragraph (a) affect only part of the lessor's or the supplier's capacity to perform, he [or she] shall allocate production and deliveries among his [or her] customers but at his [or her] option may include regular customers not then under contract for sale or leaseas well as his [or her] own requirements for further manufacture. He [or she] may so allocate in any manner that is fair and reasonable.
‹ § 2A-404. SUBSTITUTED PERFORMANCE.
§ 2A-406. PROCEDURE ON EXCUSED PERFORMANCE. ›