Vermont § 505 - § 2A—505.
Full text of Vermont Vermont Statutes Online § 505 — § 2A—505., with citation guidance and answers to common questions.
§ 505. § 2A—505.
- Cancellation and termination and effect of cancellation, termination, rescission,
or fraud on rights and remedies (1) On cancellation of the lease contract, all obligations that are still executory on
both sides are discharged, but any right based on prior default or performance survives,
and the cancelling party also retains any remedy for default of the whole lease contract
or any unperformed balance. (2) On termination of the lease contract, all obligations that are still executory on
both sides are discharged but any right based on prior default or performance survives. (3) Unless the contrary intention clearly appears, expressions of “cancellation,” “rescission,”
or the like of the lease contract may not be construed as a renunciation or discharge
of any claim in damages for an antecedent default. (4) Rights and remedies for material misrepresentation or fraud include all rights and
remedies available under this article for default. (5) Neither rescission nor a claim for rescission of the lease contract nor rejection
or return of the goods may bar or be deemed inconsistent with a claim for damages
or other right or remedy. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 505
What does Vermont Statutes Online § 505 cover?
Section 505 ("§ 2A—505.") 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 § 505?
A common citation format is "Vermont Statutes Online § 505" (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 § 505 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.