400.2A-512. Lessee's duties as to rightfully rejected goods. - Missouri Statutes

Lessee's duties as to rightfully rejected goods.

400.2A-512. (1) Except as otherwise provided with respectto goods that threaten to decline in value speedily (Section400.2A-511) and subject to any security interest of a lessee(Section 400.2A-508(5)):

(a) the lessee, after rejection of goods in the lessee'spossession, shall hold them with reasonable care at the lessor'sor the supplier's disposition for a reasonable time after thelessee's seasonable notification of rejection;

(b) if the lessor or the supplier gives no instructionswithin a reasonable time after notification of rejection, thelessee may store the rejected goods for the lessor's or thesupplier's account or ship them to the lessor or the supplier ordispose of them for the lessor's or the supplier's account withreimbursement in the manner provided in section 400.2A-511; but

(c) the lessee has no further obligations with regard togoods rightfully rejected.

(2) Action by the lessee pursuant to subsection (1) is notacceptance or conversion.

(L. 1992 S.B. 448)