KRS 355.2A-505: Cancellation and termination and effect of cancellation, termination,

rescission, or fraud on rights and remedies.

(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 canceling 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 c ontract nor rejection or

return of the goods may bar or be deemed inconsistent with a claim for damages or

other right or remedy.