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State Statutes - Idaho - Title 28 - Chapter 12 - 28-12-510
Idaho Statutes
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28-12-510 - 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; but if the nonconformity does not fall within the provisions of
subsection (2) of this section 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 (1) 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.
 
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