GroundRules
NRS 97.304: Enforceability of default on part of buyer.
Where this section sits in the code
- TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS
- CHAPTER 97 - RETAIL INSTALLMENT SALES OF GOODS AND SERVICES
- REMEDIES, ENFORCEMENT AND PENALTIES
Notwithstanding the provisions of any contract to the contrary, default on the part of the buyer is only enforceable to the extent that:
1. The buyer fails to make a payment as required by the agreement; or
2. The prospect of payment, performance or realization of collateral is significantly impaired. The burden of establishing the prospect of significant impairment is on the seller.
Collected 2026-09-03T05:51:31Z. Source file · JSON