New Jersey § 12a:2a-524

§ 12a:2a-524.

(1) After default by the lessee under the lease contract of the type described in

12A:2A-523(1) or 12A:2A-523(3)(a) or, if agreed, after other default by the lessee,

the lessor may: (a) 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 (b) dispose of goods (12A:2A-527(1)) that demonstrably have been intended for the

particular lease contract even though those goods are unfinished. (2) 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.