reglab/housing_qa huggingface dataset:
MS Code § 75-2A-308 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 2A - Uniform Commercial Code - Leases|Part 3 - . Effect of Lease Contract|§ 75-2A-308. Special rights of creditors

  A creditor of a lessor in possession of goods subject to a lease contract may treat the lease contract as void if as against the creditor retention of possession by the lessor is fraudulent under any statute or rule of law, but retention of possession in good faith and current course of trade by the lessor for a commercially reasonable time after the lease contract becomes enforceable is not fraudulent.   Nothing in this chapter impairs the rights of creditors of a lessor if the lease contract (a) becomes enforceable, not in current course of trade but in satisfaction of or as security for a preexisting claim for money, security, or the like, and (b) is made under circumstances which under any statute or rule of law apart from this chapter would constitute the transaction a fraudulent transfer or voidable preference.   A creditor of a seller may treat a sale or an identification of goods to a contract for sale as void if as against the creditor retention of possession by the seller is fraudulent under any statute or rule of law, but retention of possession of the goods pursuant to a lease contract entered into by the seller as lessee and the buyer as lessor in connection with the sale or identification of the goods is not fraudulent if the buyer bought for value and in good faith.
MS Code § 75-2A-310 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 2A - Uniform Commercial Code - Leases|Part 3 - . Effect of Lease Contract|§ 75-2A-310. Lessor's and lessee's rights when goods become accessions

  Goods are "accessions" when they are installed in or affixed to other goods.   The interest of a lessor or a lessee under a lease contract entered into before the goods became accessions is superior to all interests in the whole except as stated in subsection (4).   The interest of a lessor or a lessee under a lease contract entered into at the time or after the goods became accessions is superior to all subsequently acquired interests in the whole except as stated in subsection (4) but is subordinate to interests in the whole existing at the time the lease contract was made unless the holders of such interests in the whole have in writing consented to the lease or disclaimed an interest in the goods as part of the whole.   The interest of a lessor or a lessee under a lease contract described in subsection (2) or (3) is subordinate to the interest of   A buyer in the ordinary course of business or a lessee in the ordinary course of business of any interest in the whole acquired after the goods became accessions; or   A creditor with a security interest in the whole perfected before the lease contract was made to the extent that the creditor makes subsequent advances without knowledge of the lease contract.     When under subsections (2) or (3) and (4) a lessor or a lessee of accessions holds an interest that is superior to all interests in the whole, the lessor or the lessee may (a) on default, expiration, termination, or cancellation of the lease contract by the other party but subject to the provisions of the lease contract and this chapter, or (b) if necessary to enforce his other rights and remedies under this chapter, remove the goods from the whole, free and clear of all interests in the whole, but he must reimburse any holder of an interest in the whole who is not the lessee and who has not otherwise agreed for the cost of repair of any physical injury but not for any diminution in value of the whole caused by the absence of the goods removed or by any necessity for replacing them. A person entitled to reimbursement may refuse permission to remove until the party seeking removal gives adequate security for the performance of this obligation.
MS Code § 75-2A-311 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 2A - Uniform Commercial Code - Leases|Part 3 - . Effect of Lease Contract|§ 75-2A-311. Priority subject to subordination

 Nothing in this chapter prevents subordination by agreement by any person entitled to priority.
MS Code § 75-2A-401 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 2A - Uniform Commercial Code - Leases|Part 4 - . Performance of Lease Contract: Repudiated, Substituted and Excused|§ 75-2A-401. Insecurity: adequate assurance of performance

  A lease contract imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired.   If reasonable grounds for insecurity arise with respect to the performance of either party, the insecure party may demand in writing adequate assurance of due performance. Until the insecure party receives that assurance, if commercially reasonable the insecure party may suspend any performance for which he has not already received the agreed return.   A repudiation of the lease contract occurs if assurance of due performance adequate under the circumstances of the particular case is not provided to the insecure party within a reasonable time, not to exceed thirty (30) days after receipt of a demand by the other party.   Between merchants, the reasonableness of grounds for insecurity and the adequacy of any assurance offered must be determined according to commercial standards.   Acceptance of any nonconforming delivery or payment does not prejudice the aggrieved party's right to demand adequate assurance of future performance.
MS Code § 75-2A-402 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 2A - Uniform Commercial Code - Leases|Part 4 - . Performance of Lease Contract: Repudiated, Substituted and Excused|§ 75-2A-402. Anticipatory repudiation

 If either party repudiates a lease contract with respect to a performance not yet due under the lease contract, the loss of which performance will substantially impair the value of the lease contract to the other, the aggrieved party may:   For a commercially reasonable time, await retraction of repudiation and performance by the repudiating party;   Make demand pursuant to Section 75-2A-401 and await assurance of future performance adequate under the circumstances of the particular case; or   Resort to any right or remedy upon default under the lease contract or this chapter, even though the aggrieved party has notified the repudiating party that the aggrieved party would await the repudiating party's performance and assurance and has urged retraction. In addition, whether or not the aggrieved party is pursuing one of the foregoing remedies, the aggrieved party may suspend performance or, if the aggrieved party is the lessor, proceed in accordance with the provisions of this chapter on the lessor's right to identify goods to the lease contract notwithstanding default or to salvage unfinished goods (Section 75-2A-524).
MS Code § 75-2A-403 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 2A - Uniform Commercial Code - Leases|Part 4 - . Performance of Lease Contract: Repudiated, Substituted and Excused|§ 75-2A-403. Retraction of anticipatory repudiation

  Until the repudiating party's next performance is due, the repudiating party can retract the repudiation unless, since the repudiation, the aggrieved party has cancelled the lease contract or materially changed the aggrieved party's position or otherwise indicated that the aggrieved party considers the repudiation final.   Retraction may be by any method that clearly indicates to the aggrieved party that the repudiating party intends to perform under the lease contract and includes any assurance demanded under Section 75-2A-401.   Retraction reinstates a repudiating party's rights under a lease contract with due excuse and allowance to the aggrieved party for any delay occasioned by the repudiation.
MS Code § 75-2A-404 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 2A - Uniform Commercial Code - Leases|Part 4 - . Performance of Lease Contract: Repudiated, Substituted and Excused|§ 75-2A-404. Substituted performance

  If without fault of the lessee, the lessor and the supplier, the agreed berthing, loading, or unloading facilities fail or the agreed type of carrier becomes unavailable or the agreed manner of delivery otherwise becomes commercially impracticable, but a commercially reasonable substitute is available, the substitute performance must be tendered and accepted.   If the agreed means or manner of payment fails because of domestic or foreign governmental regulation:   The lessor may withhold or stop delivery or cause the supplier to withhold or stop delivery unless the lessee provides a means of payment that is commercially a substantial equivalent; and   If delivery has already been taken, payment by the means or in the manner provided by the regulation discharges the lessee's obligation unless the regulation is discriminatory, oppressive, or predatory.
MS Code § 75-2A-405 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 2A - Uniform Commercial Code - Leases|Part 4 - . Performance of Lease Contract: Repudiated, Substituted and Excused|§ 75-2A-405. Excused performance

 Subject to Section 75-2A-404 on substituted performance, the following rules apply:   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 contract if 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.   If the causes mentioned in paragraph (a) affect only part of the lessor's or the supplier's capacity to perform, he shall allocate production and deliveries among his customers but at his option may include regular customers not then under contract for sale or lease as well as his own requirements for further manufacture. He may so allocate in any manner that is fair and reasonable.   The lessor seasonably shall notify the lessee and in the case of a finance lease the supplier seasonably shall notify the lessor and the lessee, if known, that there will be delay or nondelivery and, if allocation is required under paragraph (b), of the estimated quota thus made available for the lessee.
MS Code § 75-2A-406 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 2A - Uniform Commercial Code - Leases|Part 4 - . Performance of Lease Contract: Repudiated, Substituted and Excused|§ 75-2A-406. Procedure on excused performance

  If the lessee receives notification of a material or indefinite delay or an allocation justified under Section 75-2A-405, the lessee may by written notification to the lessor as to any goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole lease contract is substantially impaired (Section 75-2A-510):   Terminate the lease contract (Section 75-2A-505(2)); or   Except in a finance lease that is not a consumer lease, modify the lease contract by accepting the available quota in substitution, with due allowance from the rent payable for the balance of the lease term for the deficiency but without further right against the lessor.     If, after receipt of a notification from the lessor under Section 75-2A-405, the lessee fails so to modify the lease agreement within a reasonable time not exceeding thirty (30) days, the lease contract lapses with respect to any deliveries affected.
MS Code § 75-2A-407 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 2A - Uniform Commercial Code - Leases|Part 4 - . Performance of Lease Contract: Repudiated, Substituted and Excused|§ 75-2A-407. Irrevocable promises: finance leases

  In the case of a finance lease that is not a consumer lease the lessee's promises under the lease contract become irrevocable and independent upon the lessee's acceptance of the goods.   A promise that has become irrevocable and independent under subsection (1):   Is effective and enforceable between the parties, and by or against third parties including assignees of the parties; and   Is not subject to cancellation, termination, modification, repudiation, excuse or substitution without the consent of the party to whom the promise runs.     This section does not affect the validity under any other law of a covenant in any lease contract making the lessee's promises irrevocable and independent upon the lessee's acceptance of the goods.
MS Code § 75-3-101 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 3 - Uniform Commercial Code - Negotiable Instruments|Part 1 - . General Provisions and Definitions|§ 75-3-101. Short title

 This chapter may be cited as Uniform Commercial Code - Negotiable Instruments.
MS Code § 75-3-102 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 3 - Uniform Commercial Code - Negotiable Instruments|Part 1 - . General Provisions and Definitions|§ 75-3-102. Subject matter

 This chapter applies to negotiable instruments. It does not apply to money, to payment orders governed by Chapter 4A, or to securities governed by Chapter 8.   If there is conflict between this chapter and Chapter 4 or 9, Chapters 4 and 9 govern.   Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the Federal Reserve Banks supersede any inconsistent provision of this chapter to the extent of the inconsistency.
MS Code § 75-3-104 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 3 - Uniform Commercial Code - Negotiable Instruments|Part 1 - . General Provisions and Definitions|§ 75-3-104. Negotiable instrument

 Except as provided in subsections (c) and (d), "negotiable instrument" means an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it:    Is payable to bearer or to order at the time it is issued or first comes into possession of a holder;   Is payable on demand or at a definite time; and   Does not state any other undertaking or instruction by the person promising or ordering payment to do any act in addition to the payment of money, but the promise or order may contain (i) an undertaking or power to give, maintain, or protect collateral to secure payment, (ii) an authorization or power to the holder to confess judgment or realize on or dispose of collateral, or (iii) a waiver of the benefit of any law intended for the advantage or protection of an obligor.    "Instrument" means a negotiable instrument.   An order that meets all of the requirements of subsection (a), except paragraph (1), and otherwise falls within the definition of "check" in subsection (f) is a negotiable instrument and a check.   A promise or order other than a check is not an instrument if, at the time it is issued or first comes into possession of a holder, it contains a conspicuous statement, however expressed, to the effect that the promise or order is not negotiable or is not an instrument governed by this chapter.   An instrument is a "note" if it is a promise and is a "draft" if it is an order. If an instrument falls within the definition of both "note" and "draft," a person entitled to enforce the instrument may treat it as either.   "Check" means (i) a draft, other than a documentary draft, payable on demand and drawn on a bank or (ii) a cashier's check or teller's check. An instrument may be a check even though it is described on its face by another term, such as "money order."   "Cashier's check" means a draft with respect to which the drawer and drawee are the same bank or branches of the same bank.   "Teller's check" means a draft drawn by a bank (i) on another bank, or (ii) payable at or through a bank.   "Traveler's check" means an instrument that (i) is payable on demand, (ii) is drawn on or payable at or through a bank, (iii) is designated by the term "traveler's check" or by a substantially similar term, and (iv) requires, as a condition to payment, a countersignature by a person whose specimen signature appears on the instrument.   "Certificate of deposit" means an instrument containing an acknowledgment by a bank that a sum of money has been received by the bank and a promise by the bank to repay the sum of money. A certificate of deposit is a note of the bank.
MS Code § 75-3-105 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 3 - Uniform Commercial Code - Negotiable Instruments|Part 1 - . General Provisions and Definitions|§ 75-3-105. Issue of instrument

 "Issue" means the first delivery of an instrument by the maker or drawer, whether to a holder or nonholder, for the purpose of giving rights on the instrument to any person.   An unissued instrument, or an unissued incomplete instrument that is completed, is binding on the maker or drawer, but nonissuance is a defense. An instrument that is conditionally issued or is issued for a special purpose is binding on the maker or drawer, but failure of the condition or special purpose to be fulfilled is a defense.   "Issuer" applies to issued and unissued instruments and means a maker or drawer of an instrument.
MS Code § 75-3-106 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 3 - Uniform Commercial Code - Negotiable Instruments|Part 1 - . General Provisions and Definitions|§ 75-3-106. Unconditional promise or order

 Except as provided in this section, for the purposes of Section 75-3-104(a), a promise or order is unconditional unless it states (i) an express condition to payment, (ii) that the promise or order is subject to or governed by another record, or (iii) that rights or obligations with respect to the promise or order are stated in another record. A reference to another record does not of itself make the promise or order conditional.   A promise or order is not made conditional (i) by a reference to another record for a statement of rights with respect to collateral, prepayment, or acceleration, or (ii) because payment is limited to resort to a particular fund or source.   If a promise or order requires, as a condition to payment, a countersignature by a person whose specimen signature appears on the promise or order, the condition does not make the promise or order conditional for the purposes of Section 75-3-104(a). If the person whose specimen signature appears on an instrument fails to countersign the instrument, the failure to countersign is a defense to the obligation of the issuer, but the failure does not prevent a transferee of the instrument from becoming a holder of the instrument.   If a promise or order at the time it is issued or first comes into possession of a holder contains a statement, required by applicable statutory or administrative law, to the effect that the rights of a holder or transferee are subject to claims or defenses that the issuer could assert against the original payee, the promise or order is not thereby made conditional for the purposes of Section 75-3-104(a); but if the promise or order is an instrument, there cannot be a holder in due course of the instrument.
MS Code § 75-3-107 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 3 - Uniform Commercial Code - Negotiable Instruments|Part 1 - . General Provisions and Definitions|§ 75-3-107. Instrument payable in foreign money

 Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid.
MS Code § 75-3-108 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 3 - Uniform Commercial Code - Negotiable Instruments|Part 1 - . General Provisions and Definitions|§ 75-3-108. Payable on demand or at definite time

 A promise or order is "payable on demand" if it (i) states that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder, or (ii) does not state any time of payment.   A promise or order is "payable at a definite time" if it is payable on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or at a time or times readily ascertainable at the time the promise or order is issued, subject to rights of (i) prepayment, (ii) acceleration, (iii) extension at the option of the holder, or (iv) extension to a further definite time at the option of the maker or acceptor or automatically upon or after a specified act or event.   If an instrument, payable at a fixed date, is also payable upon demand made before the fixed date, the instrument is payable on demand until the fixed date and, if demand for payment is not made before that date, becomes payable at a definite time on the fixed date.
MS Code § 75-3-109 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 3 - Uniform Commercial Code - Negotiable Instruments|Part 1 - . General Provisions and Definitions|§ 75-3-109. Payable to bearer or to order

 A promise or order is payable to bearer if it:    States that it is payable to bearer or to the order of bearer or otherwise indicates that the person in possession of the promise or order is entitled to payment;   Does not state a payee; or   States that it is payable to or to the order of cash or otherwise indicates that it is not payable to an identified person.    A promise or order that is not payable to bearer is payable to order if it is payable (i) to the order of an identified person or (ii) to an identified person or order. A promise or order that is payable to order is payable to the identified person.   An instrument payable to bearer may become payable to an identified person if it is specially indorsed pursuant to Section 75-3-205(a). An instrument payable to an identified person may become payable to bearer if it is indorsed in blank pursuant to Section 75-3-205(b).