Vermont § 405 - § 2A—405.
Full text of Vermont Vermont Statutes Online § 405 — § 2A—405., with citation guidance and answers to common questions.
§ 405. § 2A—405.
- Excused performance Subject to section 2A—404 of this title on substituted performance, the following rules apply: (a) Delay in delivery or nondelivery in whole or in part by a lessor or a supplier who
complies with paragraphs (b) and (c) of this section is not a default under the lease
contract if performance as agreed has been made impracticable by the occurrence of
a contingency the nonoccurrence of which was a basic assumption on which the lease
contract was made or by compliance in good faith with any applicable foreign or domestic
governmental regulation or order, whether or not the regulation or order later proves
to be invalid. (b) If the causes mentioned in paragraph (a) of this section affect only part of the lessor’s
or the supplier’s capacity to perform, he or she shall allocate production and deliveries
among his or her customers but at his or her option may include regular customers
not then under contract for sale or lease as well as his or her own requirements for
further manufacture. He or she may so allocate in any manner that is fair and reasonable. (c) The lessor seasonably shall notify the lessee and in the case of a finance lease the
supplier seasonably shall notify the lessor and the lessee, if known, that there will
be delay or nondelivery and, if allocation is required under paragraph (b) of this
section, of the estimated quota thus made available for the lessee. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 405
What does Vermont Statutes Online § 405 cover?
Section 405 ("§ 2A—405.") 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 § 405?
A common citation format is "Vermont Statutes Online § 405" (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 § 405 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.