Carolyn, a lessee in possession of a leased piece of equipment, fails to make payments on the equipment as required. What remedy does Raul, the lessor, have under the UCC 2A-525(2)?
A) The right to put a lien on the lessee.
B) The right to sue the lessee under federal law.
C) The right to bring a tort action
D) The right to reclaim the goods
E) No remedy is provided and common law contract remedies will suffice.

Question

Quizplus · Accepted Answer

Under UCC 2A-525(2), if a lessee fails to make payments as required, the lessor has the right to reclaim the goods. This provision specifically addresses the remedies available to a lessor when a lessee defaults on a lease agreement.

Carolyn, a Lessee in Possession of a Leased Piece of Equipment