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Iowa Code Title XIII. Commerce [Chs. 505-554D] § 554.13520. Lessee's incidental and consequential damages

Current as of January 01, 2024 | Updated by FindLaw Staff

1. Incidental damages resulting from a lessor's default include expenses reasonably incurred in inspection, receipt, transportation, and care and custody of goods rightfully rejected or goods the acceptance of which is justifiably revoked, any commercially reasonable charges, expenses or commissions in connection with effecting cover, and any other reasonable expense incident to the default.

2. Consequential damages resulting from a lessor's default include:

a. any loss resulting from general or particular requirements and needs of which the lessor at the time of contracting had reason to know and which could not reasonably be prevented by cover or otherwise; and

b. injury to person or property proximately resulting from any breach of warranty.

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Cite this article: FindLaw.com - Iowa Code Title XIII. Commerce [Chs. 505-554D] § 554.13520. Lessee's incidental and consequential damages - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xiii-commerce-chs-505-554d/ia-code-sect-554-13520/

Read this complete Iowa Code Title XIII. Commerce [Chs. 505-554D] § 554.13520. Lessee's incidental and consequential damages on Westlaw

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