§ 25-2A-517. Revocation of acceptance of goods. - North Carolina Statutes

§25‑2A‑517.  Revocation of acceptance of goods.

(1)        A lessee may revokeacceptance of a lot or commercial unit whose nonconformity substantiallyimpairs its value to the lessee if the lessee has accepted it:

(a)        except in the caseof a finance lease, on the reasonable assumption that its nonconformity wouldbe cured and it has not been seasonably cured; or

(b)        without discovery ofthe nonconformity if the lessee's acceptance was reasonably induced either bythe lessor's assurances or, except in the case of a finance lease, by thedifficulty of discovery before acceptance.

(2)        Except in the caseof a finance lease that is not a consumer lease, a lessee may revoke acceptanceof a lot or commercial unit if the lessor defaults under the lease contract andthe default substantially impairs the value of that lot or commercial unit tothe lessee.

(3)        If the leaseagreement so provides, the lessee may revoke acceptance of a lot or commercialunit because of other defaults by the lessor.

(4)        Revocation ofacceptance must occur within a reasonable time after the lessee discovers orshould have discovered the ground for it and before any substantial change incondition of the goods which is not caused by the nonconformity.  Revocation isnot effective until the lessee notifies the lessor.

(5)        A lessee who sorevokes has the same rights and duties with regard to the goods involved as ifthe lessee had rejected them. (1993, c. 463, s. 1.)