(2A-510) Installment lease contracts - Rejection and default
N.D. Cent. Code § 41-02.1-58
in effect41-02.1-58. (2A-510) Installment lease contracts - Rejection and default
1. Under an installment lease contract, a lessee may reject any delivery that is
nonconforming if the nonconformity substantially impairs the value of that delivery and
cannot be cured or the nonconformity is a defect in the required documents. If,
however, the nonconformity does not fall within subsection 2 and the lessor or the
supplier gives adequate assurance of its cure, the lessee must accept that delivery.
2. Whenever nonconformity or default with respect to one or more deliveries substantially
impairs the value of the installment lease contract as a whole, there is a default with
respect to the whole. But, the aggrieved party reinstates the installment lease contract
as a whole if the aggrieved party accepts a nonconforming delivery without seasonably
notifying of cancellation or brings an action with respect only to past deliveries or
demands performance as to future deliveries.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c02-1.pdf#nameddest=41-02p1-58Fetched: 10/16/2026