California Laws: Commercial Code Sections 10401-10407

California Laws > Commercial Code

• California Laws: Commercial Code Section 10401
  (a) A lease contract imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired. (b) If reasonable...
• California Laws: Commercial Code Section 10402
  (a) If either party repudiates a lease contract, other than a consumer lease, with respect to a performance not yet due under the lease contract,...
• California Laws: Commercial Code Section 10403
  (a) Until the repudiating party's next performance is due, the repudiating party can retract the repudiation unless, since the repudiation, the aggrieved party has canceled...
• California Laws: Commercial Code Section 10404
  (a) If without fault of the lessee, the lessor, and the supplier, the agreed berthing, loading, or unloading facilities fail or the agreed type of...
• California Laws: Commercial Code Section 10405
  Subject to Section 10404 on substituted performance, the following rules apply: (1) Delay in delivery or nondelivery in whole or in part by a lessor...
• California Laws: Commercial Code Section 10406
  (a) If the lessee receives notification of a material or indefinite delay or an allocation justified under Section 10405, the lessee may by written notification...
• California Laws: Commercial Code Section 10407
  (a) 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...