8.2A-221 - A-221. Casualty to identified goods. - Virginia Statutes

§ 8.2A-221. Casualty to identified goods.

If a lease contract requires goods identified when the lease contract ismade, and the goods suffer casualty without fault of the lessee, the lessoror the supplier before delivery, or the goods suffer casualty before risk ofloss passes to the lessee pursuant to the lease agreement or § 8.2A-219, thenif:

(a) The loss is total, the lease contract is avoided; and

(b) The loss is partial or the goods have so deteriorated as to no longerconform to the lease contract, the lessee may nevertheless demand inspectionand at his or her option either treat the lease contract as avoided or,except in a finance lease that is not a consumer lease, accept the goods withdue allowance from the rent payable for the balance of the lease term for thedeterioration or the deficiency in quantity but without further right againstthe lessor.

(1991, c. 536.)