(1) identify to the lease contract conforming goods not already identified, if at
the time the lessor learned of the default they were in the lessor's or the supplier's
possession or control; and
(2) dispose of goods (Section 2A.527(a)) that demonstrably have been intended for the particular lease contract even though
those goods are unfinished.
(b) If the goods are unfinished, in the exercise of reasonable commercial judgment
for the purposes of avoiding loss and of effective realization, an aggrieved lessor
or the supplier may either complete manufacture and wholly identify the goods to the
lease contract or cease manufacture and lease, sell, or otherwise dispose of the goods
for scrap or salvage value or proceed in any other reasonable manner.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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