N.Y. UCC Law § 2-A-513
This is the official text of N.Y. UCC Law § 2-A-513, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Cure by Lessor of Improper Tender or Delivery; Replacement
Official statutory text
Section 2-A-513. Cure by Lessor of Improper Tender or Delivery;\n Replacement.\n (1) If any tender or delivery by the lessor or the supplier is\nrejected because nonconforming and the time for performance has not yet\nexpired, the lessor or the supplier may seasonably notify the lessee of\nthe lessor's or the supplier's intention to cure and may then make a\nconforming delivery within the time provided in the lease contract.\n (2) If the lessee rejects a nonconforming tender that the lessor or\nthe supplier had reasonable grounds to believe would be acceptable with\nor without money allowance, the lessor or the supplier may have a\nfurther reasonable time to substitute a conforming tender if he or she\nseasonably notifies the lessee.\n
Status: in_force · Read it on the official government site
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