Ohio § 1310.41
Full text of Ohio Ohio Revised Code § 1310.41, with citation guidance and answers to common questions.
§ 1310.41.
If either party repudiates a lease contract with respect to a performance not yet
due under the lease contract, the loss of which performance will substantially impair
the value of the lease contract to the other party, the aggrieved party may do any
of the following: (A) For a commercially reasonable time, await retraction of repudiation and performance
by the repudiating party; (B) Make demand pursuant to section 1310.40 of the Revised Code and await assurance of future performance adequate under the circumstances of the
particular case; (C) Resort to any right or remedy upon default under the lease contract or sections 1310.01 to 1310.78 of the Revised Code , even though the aggrieved party has notified the repudiating party that the aggrieved
party would await the repudiating party's performance and assurance and has urged
retraction. In addition, whether or not the aggrieved party is pursuing any of those remedies,
the aggrieved party may suspend performance or, if the aggrieved party is the lessor,
proceed in accordance with the provisions of section 1310.70 of the Revised Code pertaining to the lessor's right to identify goods to the lease contract notwithstanding
default or to salvage unfinished goods.
Frequently Asked Questions About Ohio § 1310.41
What does Ohio Revised Code § 1310.41 cover?
Section 1310.41 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 § 1310.41?
A common citation format is "Ohio Revised Code § 1310.41" (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 § 1310.41 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.