(810 ILCS 5/2A-524) (from Ch. 26, par. 2A-524)
Sec. 2A-524.
Lessor's right to identify goods to lease
contract.
(1) A lessor aggrieved under Section 2A-523(1) may:
(a) identify to the lease contract conforming goods | ||
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(b) dispose of goods (Section 2A-527(1)) that | ||
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(2) If the goods are unfinished, in the exercise of
reasonable commercial judgment for the purposes of avoiding loss
and of effective realization, an aggrieved lessor or the supplier
may either complete manufacture and wholly identify the goods to
the lease contract or cease manufacture and lease, sell, or
otherwise dispose of the goods for scrap or salvage value or
proceed in any other reasonable manner.
(Source: P.A. 87-493.)
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