Default by Lessees – California Globe

Default by Lessees – California Globe

The Commercial Code in Division 10, Chapter 5, deals with defaults by lessees in personal property leases.  Section 10523 provides that, if a lessee wrongfully rejects or revokes acceptance of goods or fails to make a payment when due or repudiates with respect to a part or the whole, then, with respect to any goods involved, the lessee is in default under the lease contract and the lessor may take one of six specified actions. If a lessor does …