Tex. Business & Commerce Code § 2A.511
This is the official text of Tex. Business & Commerce Code § 2A.511, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 2A.511. MERCHANT LESSEE'S DUTIES AS TO RIGHTFULLY REJECTED GOODS.
Official statutory text
Subject to any security interest of a lessee (Section 2A.508(e)), if a lessor or a supplier has no agent or place of business at the market of rejection, a merchant lessee, after rejection of goods in the lessee's possession or control, shall follow any reasonable instructions received from the lessor or the supplier with respect to the goods. In the absence of those instructions, a merchant lessee shall make reasonable efforts to sell, lease, or otherwise dispose of the goods for the lessor's account if they threaten to decline in value speedily. Instructions are not reasonable if on demand indemnity for expenses is not forthcoming.
Status: in_force · Read it on the official government site
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