IC 26-1-2.1 – Leases | Midpage

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Indiana Code

Chapter 2.1

IC 26-1-2.1

Leases

101Short title 102Scope; transactions creating a lease; hybrid transactions 103Definitions and index of definitions 104Leases subject to other statutes 105Territorial application of article to goods covered by certificate of title 106Limitation on power of parties to consumer lease to choose applicable law and judicial forum 107Waiver or renunciation of claim or right after default 108Unconscionability 109Option to accelerate at will 201Statute of frauds 202Record intended as final expression of parties' agreement; parol or extrinsic evidence 203Seals inoperative 204Formation in general 205Firm offers 206Offer and acceptance in formation of lease contract 207Repealed 208Modification, rescission, and waiver 209Lessee under finance lease as beneficiary of supply contract 210Express warranties 211Warranties against interference and against infringement; lessee's obligation against infringement 212Implied warranty of merchantability 213Implied warranty of fitness for particular purpose 214Exclusion or modification of warranties 215Cumulation and conflict of warranties express or implied 216Third-party beneficiaries of express and implied warranties 217Identification 218Insurance and proceeds 219Risk of loss 220Effect of default on risk of loss 221Casualty to identified goods 301Enforceability of lease contract 302Title to and possession of goods 303"Creation of a security interest"; alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; assignment of rights 304Subsequent lease of goods by lessor 305Sale or sublease of goods by lessee 306Priority of certain liens arising by operation of law 307Priority of liens related to lease contract 308Special rights of creditors 309Lessor's and lessee's rights when goods become fixtures 310Lessor's and lessee's rights when goods become accessions 311Subordination by agreement; persons entitled to priority 401Insecurity; adequate assurance of performance 402Anticipatory repudiation 403Retraction of anticipatory repudiation 404Substituted performance 405Excused performance 406Procedure on excused performance 407Irrevocable promises; finance leases 501Default; procedure 502Notice after default 503Modification or impairment of rights and remedies 504Liquidation of damages 505Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies 506Statute of limitations 507Proof of market rent; time and place 508Lessee's remedies 509Lessee's rights on improper delivery; rightful rejection 510Installment lease contracts; rejection and default 511Merchant lessee's duties as to rightfully rejected goods 512Lessee's duties as to rightfully rejected goods 513Cure by lessor of improper tender or delivery; replacement 514Waiver of lessee's objections 515Acceptance of goods 516Effect of acceptance of goods; notice of default; burden of establishing 517Revocation of acceptance of goods 518Cover; substitute goods 519Lessee's damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods 520Lessee's incidental and consequential damages 521Lessee's right to specific performance or replevin 522Lessee's right to goods on lessor's insolvency 523Lessor's remedies 524Lessor's right to identify goods to lease contract 525Lessor's right to possession of goods 526Lessor's stoppage of delivery 527Lessor's rights to dispose of goods 528Lessor's damages for nonacceptance or repudiation 529Lessor's action for the rent 530Lessor's incidental damages 531Standing to sue third parties for injury to goods 532Recovery by lessor for loss of or damage to residual interest