Reporter's Notes. Boilerplate. Same as U3C § 1.104. 23
Reporter's Notes. Based on U3C § 1.
Reporter's Notes. Drawn generally from the state acts.
Reporter's Notes. Drawn from the Model and various 4 state acts. This gives the lessee a chance to preempt 5 disputes over EWU by getting an appraisal of his own. 6
Reporter's Notes. No text proposed at this time.
Reporter's Notes. Patterned on U3C § 1.302, but citing 33 specifically to the federal leasing statute and Reg. M. 34
Reporter's Notes. Patterned on U3C § 1.303, this 3 generally adopts UCC 2A definitions for terms used 4 occasionally in this Act, e.g., "Leasehold interest," 5 "Sublease," "Supplier," etc. 6
Reporter's Notes. Based on UCC § 1.103. This 20 specifically references the UCC; thus Article 2A 21 (Leases) provides a broad foundation for this Act: 22 Other principles of law apply unless "displaced by" or 23 "inconsistent" with this Act; these can be two 24 different forms of nullification. 25 26 The phrase "unfair or deceptive acts or practices" is 27 added to make clear that state UDAPs remain applicable. 28
Reporter's Notes. No specific text proposed. UCC § 24 2A-108 is a comprehensive statement on 25 unconscionability, including particular applications in 26 consumer leases, patterned on UCC § 2-302 [Sales of 27 Goods] and U3C § 5.108. There seems no need to 28 reproduce that provision here unless we mean to change 29 it.
Reporter's Notes. This section seems helpful if 5 certain categories of transactions are to be clearly 6 excluded. Item (1) excludes a lease to an 7 organization, defined in UCC § 1-201(28) to include all 8 forms of entities other than individuals, and any lease 9 for a non-consumer purpose. Item (2) would exclude,
