Draft Common Frame of Reference:III. — 2:111 Property not accepted

Draft Common Frame of Reference

III. — 2:111 Property not accepted

Geldend

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

(1)

A person who has an obligation to deliver or return corporeal property other than money and who is left in possession of the property because of the creditor's failure to accept or retake the property, has an ancillary obligation to take reasonable steps to protect and preserve it.

(2)

The debtor may obtain discharge from the obligation to deliver or return and from the ancillary obligation mentioned in the preceding paragraph:

(a)

by depositing the property on reasonable terms with a third person to be held to the order of the creditor, and notifying the creditor of this; or

(b)

by selling the property on reasonable terms after notice to the creditor, and paying the net proceeds to the creditor.

(3)

Where, however, the property is liable to rapid deterioration or its preservation is unreasonably expensive, the debtor has an obligation to take reasonable steps to dispose of it. The debtor may obtain discharge from the obligation to deliver or return by paying the net proceeds to the creditor.

(4)

The debtor left in possession is entitled to be reimbursed or to retain out of the proceeds of sale any costs reasonably incurred.

Deze functie is alleen te gebruiken als je bent ingelogd.