Ohio § 1310.25
Full text of Ohio Ohio Revised Code § 1310.25, with citation guidance and answers to common questions.
§ 1310.25.
(A) A lessee obtains an insurable interest when existing goods are identified to the
lease contract, even though the goods identified are nonconforming, and the lessee
has an option to reject them. (B) If a lessee has an insurable interest only by reason of the lessor's identification
of the goods, the lessor, until default or insolvency or notification to the lessee
that identification is final, may substitute other goods for those identified. (C) Notwithstanding a lessee's insurable interest under divisions (A) and (B) of this
section, the lessor retains an insurable interest until an option to buy has been
exercised by the lessee and risk of loss has passed to the lessee. (D) Nothing in this section impairs any insurable interest recognized under any other
section of the Revised Code, statute, or rule of law. (E) The parties may determine by agreement that one or more parties have an obligation
to obtain and pay for insurance covering the goods and may determine by agreement
the beneficiary of the proceeds of the insurance.
Frequently Asked Questions About Ohio § 1310.25
What does Ohio Revised Code § 1310.25 cover?
Section 1310.25 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1310.25?
A common citation format is "Ohio Revised Code § 1310.25" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1310.25 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.