Idaho State Statutes - Idaho Attorney Directory

(1) If the lessee receives
notification of a material or indefinite delay or an allocation justified
under the provisions of section 28-12-405, the lessee may by written
notification to the lessor as to any goods involved, and with respect to all
of the goods if under an installment lease contract the value of the whole
lease contract is substantially impaired (section 28-12-510):
(a) Terminate the lease contract (section 28-12-505(2)); or
(b) Except in a finance lease that is not a consumer lease, modify the
lease contract by accepting the available quota in substitution, with due
allowance from the rent payable for the balance of the lease term for the
deficiency but without further right against the lessor.
(2) If, after receipt of a notification from the lessor under the
provisions of section 28-12-405, the lessee fails so to modify the lease
agreement within a reasonable time not exceeding thirty (30) days, the lease
contract lapses with respect to any deliveries affected.

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