MCL - Index of 174-1962-2A
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| 174-1962-2A | ARTICLE 2A LEASES (440.2801...440.2982) |
| 174-1962-2A-1 | PART 1 GENERAL PROVISIONS (440.2801...440.2810) |
| Section 440.2801 | Short title. |
| Section 440.2802 | Applicability of article. |
| Section 440.2803 | Definitions; sections; principles of construction and interpretation. |
| Section 440.2804 | Lease requirements; compliance with applicable statutes; effect of noncompliance with applicable statute. |
| Section 440.2805 | Certificate of title statute; compliance; applicable law. |
| Section 440.2806 | Choice of law; judicial forum. |
| Section 440.2807 | Discharge of claim or right without consideration. |
| Section 440.2808 | Unconscionable contract, clause, or conduct. |
| Section 440.2809 | Power to accelerate payment or performance or require collateral; good faith. |
| Section 440.2810 | Motor vehicle or trailer; transaction creating sale or security interest. |
| 174-1962-2A-2 | PART 2 FORMATION AND CONSTRUCTION OF LEASE CONTRACT (440.2851...440.2871) |
| Section 440.2851 | Lease contract; enforcement by action or defense; conditions; sufficiency of description or writing; determination of term. |
| Section 440.2852 | Final written expression; parol or extrinsic evidence. |
| Section 440.2853 | Effect of seal affixed to writing. |
| Section 440.2854 | Lease contract; sufficiency to show agreement; conduct; open terms. |
| Section 440.2855 | Firm offer; assurances to hold offer open. |
| Section 440.2856 | Offer to make lease contract; manner of acceptance; lapse. |
| Section 440.2857 | Repealed. 2012, Act 86, Eff. July 1, 2013. |
| Section 440.2858 | Lease agreement; modification or rescission; waiver; retraction. |
| Section 440.2859 | Supply contract; extension of benefits of supplier promises and of warranties to lessee; limitations; effect of modification or rescission; retention of rights. |
| Section 440.2860 | Express warranties; creation. |
| Section 440.2861 | Warranty against claim or interest in goods; claim by way of infringement; specifications furnished by lessee. |
| Section 440.2862 | Implied warranty of merchantability; other implied warranties. |
| Section 440.2863 | Implied warranty of fitness for a particular purpose. |
| Section 440.2864 | Limiting, negating, excluding, or modifying warranties; construction of words or conduct. |
| Section 440.2865 | Inconsistent warranties; intent; rules of construction. |
| Section 440.2866 | Warranty; extension to persons in family, household, or to guest; exclusion, modification, or limitation. |
| Section 440.2867 | Lease contract; identification of goods; absence of explicit agreement. |
| Section 440.2868 | Lease contract; insurable interest in goods. |
| Section 440.2869 | Risk of loss; passage to lessee. |
| Section 440.2870 | Risk of loss; repudiation; default. |
| Section 440.2871 | Casualty to identified goods before delivery or risk of loss passes. |
| 174-1962-2A-3 | PART 3 EFFECT OF LEASE CONTRACT (440.2901...440.2911) |
| Section 440.2901 | Lease contract; enforcement. |
| Section 440.2902 | Applicability of article; title or possession. |
| Section 440.2903 | Security interest; creation; transfer; limitations; rights and remedies; delegation of duties or performance; liability; prohibition. |
| Section 440.2904 | Transfer from lessor to subsequent lessee; power; obtaining rights in ordinary course of business; entrustment; certificate of title. |
| Section 440.2905 | Transfer from lessee to buyer or sublessee; power; rights; buyer in ordinary course of business; entrustment; certificate of title. |
| Section 440.2906 | Materials or services provided with respect to goods subject to lease contract; lien; priority; exception. |
| Section 440.2907 | Creditor of lessee; rights; taking leasehold interest subject to security interest. |
| Section 440.2908 | Creditor of lessor or seller; lease or sale contract treated as void; fraudulent retention or possession of goods; security for preexisting claim. |
| Section 440.2909 | Definitions; lease of fixtures; priority of security interests; right to remove goods; reimbursement; perfection by filing financing statement as fixture filing. |
| Section 440.2910 | Goods as accessions; priority of interests; right to remove goods; reimbursement. |
| Section 440.2911 | Subordination by agreement. |
| 174-1962-2A-4 | PART 4 PERFORMANCE OF LEASE CONTRACT: REPUDIATED, SUBSTITUTED, AND EXCUSED (440.2931...440.2937) |
| Section 440.2931 | Lease contract; demanding adequate assurance of due performance; repudiation; determination of adequacy; acceptance of nonconforming delivery or payment. |
| Section 440.2932 | Repudiation of lease contract. |
| Section 440.2933 | Retraction of repudiation. |
| Section 440.2934 | Substituted performance; tender and acceptance; failure of payment due to government regulation. |
| Section 440.2935 | Substituted performance; delay or nondelivery; allocating production and deliveries; notification. |
| Section 440.2936 | Notification by lessor of delay or allocation; rights of lessee; lapse of lease contract. |
| Section 440.2937 | Finance lease other than consumer lease; effect of lessee's promises; acceptance of goods by lessee; enforcement; validity. |
| 174-1962-2A-5 | PART 5 DEFAULT (440.2951...440.2982) |
| Section 440.2951 | Default; rights and remedies; self-help; enforcement covering real property and goods. |
| Section 440.2952 | Notice of default or enforcement. |
| Section 440.2953 | Default; rights and remedies provided in lease agreement; optional remedies; liquidation, limitation, alteration or exclusion of consequential damages; collateral or ancillary obligations and promises. |
| Section 440.2954 | Liquidation of damages; reasonableness; restitution; setoff. |
| Section 440.2955 | Cancellation or termination of lease contract; discharge of executory obligations; material misrepresentation or fraud; rescission, rejection, or return of goods as bar to rights or remedies. |
| Section 440.2956 | Default; commencement and accrual of action; effect of termination; applicability of section to tolling of statute of limitations or causes of action accrued before effective date of article. |
| Section 440.2957 | Damages based on market rent. |
| Section 440.2958 | Default by lessor; rights and remedies; breach of warranty; security interest for rent, security, and expenses; deduction of damages from rent due. |
| Section 440.2959 | Failure of goods or tender or delivery to conform to lease contract; rights of lessee; effectiveness of rejection of goods. |
| Section 440.2960 | Installment lease contract; rejecting nonconforming delivery; conditions requiring acceptance; reinstatement of lease contract. |
| Section 440.2961 | Rejection of goods in merchant lessee's possession or control; duties of merchant lessee; right to reimbursement; good faith conduct; purchaser in good faith. |
| Section 440.2962 | Rejection of goods in lessee's possession; rights and obligations of lessee. |
| Section 440.2963 | Rejection of goods before expiration of time for performance; rights of lessor or supplier. |
| Section 440.2964 | Rejection of goods; failure of lessee to state particular defect or reserve rights when paying consideration against documents; effect. |
| Section 440.2965 | Acceptance of goods; opportunity to inspect; conduct; accepting part of unit. |
| Section 440.2966 | Acceptance of goods; rent; revocation prohibited; exception; acceptance of tender; effect of suit against lessee for breach of warranty or other obligation; infringement. |
| Section 440.2967 | Revoking acceptance of nonconforming lot or commercial unit; conditions; notification; rights and duties of lessee. |
| Section 440.2968 | Default by lessor; cover; damages. |
| Section 440.2969 | Nondelivery or repudiation by lessor; rejection or revocation of acceptance by lessee; damages; measure of damages for market rent, nonconforming tender or delivery, or breach of warranty. |
| Section 440.2970 | Default by lessor; incidental and consequential damages. |
| Section 440.2971 | Specific performance. |
| Section 440.2972 | Insolvency of lessor; recovery of conforming goods after receipt of first installment of rent and security. |
| Section 440.2973 | Wrongful rejection or revocation; failure to make payment; repudiation; default; rights of lessor; damages; cancellation of lease. |
| Section 440.2974 | Additional rights of lessor aggrieved under MCL 440.2973(1). |
| Section 440.2975 | Insolvency of lessee; refusal to deliver goods; possession, availability, or disposition of goods; proceeding without judicial process. |
| Section 440.2976 | Insolvency of lessee; stopping delivery of goods in possession of bailee; conditions; notification; liability for charges or damages; obligation of carrier. |
| Section 440.2977 | Default; disposition of goods; damages based on new lease agreement; rights of subsequent good faith buyer or lessee; accounting for profit. |
| Section 440.2978 | Retention or disposition of goods by lessor; damages. |
| Section 440.2979 | Default by lessee; damages; holding identified goods for remaining lease term; disposition of goods by lessor; use and possession of goods by lessee; rent. |
| Section 440.2980 | Incidental damages. |
| Section 440.2981 | Third party causing injury. |
| Section 440.2982 | Additional damages. |