{"data":{"id":"us-ky/krs-355.2a-505","jurisdiction":"us-ky","citation":"KRS 355.2A-505","heading":"Cancellation and termination and effect of cancellation, termination,","body":"rescission, or fraud on rights and remedies.\n(1) On cancellation of the lease contract, all obligations that are still executory on both\nsides are discharged, but any right based  on prior default or performance survives,\nand the canceling party also retains any remedy for default of the whole lease\ncontract or any unperformed balance.\n(2) On termination of the lease contract, all obligations that are still executory on both\nsides are discharged but any right based on prior default or performance survives.\n(3) Unless the contrary intention clearly appears, expressions of \"cancellation,\"\n\"rescission,\" or the like of the lease contract may not be construed as a renunciation\nor discharge of any claim in damages for an antecedent default.\n(4) Rights and remedies for material misrepresentation or fraud include all rights and\nremedies available under this article for default.\n(5) Neither rescission nor a claim for rescission of the lease c ontract nor rejection or\nreturn of the goods may bar or be deemed inconsistent with a claim for damages or\nother right or remedy.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33401","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:43Z","sha256":"40aeff88e1ab8b61e81e4df24e5d8a17a35a405060857ddfe8eea1f95cbbd1cf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.2a-504","next":"us-ky/krs-355.2a-506"},"notice":"GroundRules: Original legal text. Not legal advice."}