Wisconsin Statutes (Last Updated: January 10, 2017) |
Chapter 411. Uniform Commercial Code — Leases |
SubChapter V. DEFAULT |
Section 411.514. Waiver of lessee's objections.
Latest version.
- (1) In rejecting goods, a lessee's failure to state a particular defect that is ascertainable by reasonable inspection precludes the lessee from relying on the defect to justify rejection or to establish default if any of the following circumstances exists:(a) The lessor or the supplier could have cured the defect if the defect had been seasonably stated.(b) Between merchants, the lessor or the supplier, after rejection, made a request in writing for a full and final written statement of all defects on which the lessee proposes to rely.(2) A lessee's failure to reserve rights when paying rent or other consideration against documents precludes recovery of the payment for defects apparent in the documents.