Vermont § 510 - § 2A—510.
Full text of Vermont Vermont Statutes Online § 510 — § 2A—510., with citation guidance and answers to common questions.
§ 510. § 2A—510.
- Installment lease contracts: rejection and default (1) Under an installment lease contract a lessee may reject any delivery that is nonconforming
if the nonconformity substantially impairs the value of that delivery and cannot be
cured or the nonconformity is a defect in the required documents; but if the nonconformity
does not fall within subsection (2) of this section and the lessor or the supplier
gives adequate assurance of its cure, the lessee must accept that delivery. (2) Whenever nonconformity or default with respect to one or more deliveries substantially
impairs the value of the installment lease contract as a whole there is a default
with respect to the whole. But, the aggrieved party reinstates the installment lease
contract as a whole if the aggrieved party accepts a nonconforming delivery without
seasonably notifying of cancellation or brings an action with respect only to past
deliveries or demands performance as to future deliveries. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 510
What does Vermont Statutes Online § 510 cover?
Section 510 ("§ 2A—510.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 510?
A common citation format is "Vermont Statutes Online § 510" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 510 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.