Nev. Rev. Stat. § 104A.2505
Cancellation and termination, and effect of cancellation, termination, rescission or fraud on rights and remedies
Nevada · Nevada Revised Statutes Chapter 104A — Uniform Commercial Code—Additional Articles · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 104A.2505, Cancellation and termination, and effect of cancellation, termination, rescission or fraud on rights and remedies, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2079802
- Permanent ID
ys:prov:2079802@1- SHA-256
6b68f6992b13f8139eafe8a66410d248ac34908a474eee23720760374bcbef5a
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
1. On cancellation of the lease contract, all obligations that are still executory on both sides are discharged, but any right based on prior default or performance survives, and the cancelling party also retains any remedy for default of the whole lease contract or any unperformed balance.
2. On termination of the lease contract, all obligations that are still executory on both sides are discharged but any right based on prior default or performance survives.
3. Unless the contrary intention clearly appears, expressions of “cancellation,” “rescission” or the like of the lease contract may not be construed as a renunciation or discharge of any claim in damages for an antecedent default.
4. Rights and remedies for material misrepresentation or fraud include all rights and remedies available under this article for default.
5. Neither rescission nor a claim for rescission of the lease contract nor rejection or return of the goods may bar or be deemed inconsistent with a claim for damages or other right or remedy.