KRS 355.2A-404: Substituted performance.
Where this section sits in the code
(1) If without fault of the lessee, the lessor and the supplier, the agreed berthing,
loading, or unloading facilities fail or the agreed type of carrier becomes unavailable
or the agreed manner of delivery otherwise becomes commercially impracticable,
but a c ommercially reasonable substitute is available, the substitute performance
must be tendered and accepted.
(2) If the agreed means or manner of payment fails because of domestic or foreign
governmental regulation:
(a) The lessor may withhold or stop deliver y or cause the supplier to withhold or
stop delivery unless the lessee provides a means or manner of payment that is
commercially a substantial equivalent; and
(b) If delivery has already been taken, payment by the means or in the manner
provided by the re gulation discharges the lessee's obligation unless the
regulation is discriminatory, oppressive, or predatory.
Collected 2026-09-05T20:58:43Z. Source file · JSON