411.215 Cumulation and conflict of warranties express or implied.
411.216 Third-party beneficiaries of express and implied warranties.
411.218 Insurance and proceeds.
411.220 Effect of default on risk of loss.
411.221 Casualty to identified goods.
SUBCHAPTER III
EFFECT OF LEASE CONTRACT
411.301 Enforceability of lease contract.
411.302 Title to and possession of goods.
411.303 Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; transfer of rights.
411.304 Subsequent lease of goods by lessor.
411.305 Sale or sublease of goods by lessee.
411.306 Priority of certain liens arising by operation of law.
411.307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.
411.308 Special rights of creditors.
411.309 Lessor's and lessee's rights when goods become fixtures.
411.310 Lessor's and lessee's rights when goods become accessions.
411.311 Priority subject to subordination.
SUBCHAPTER IV
PERFORMANCE OF LEASE CONTRACT:
REPUDIATED, SUBSTITUTED AND EXCUSED
411.401 Insecurity: adequate assurance of performance.
411.402 Anticipatory repudiation.
411.403 Retraction of anticipatory repudiation.
411.404 Substituted performance.
411.405 Excused performance.
411.406 Procedure on excused performance.
411.407 Irrevocable promises: finance leases.
SUBCHAPTER V
DEFAULT
411.501 Default: Procedure.
411.502 Notice after default.
411.503 Modification or impairment of rights and remedies.
411.504 Liquidation of damages.
411.505 Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies.
411.506 Statute of limitations.
411.507 Proof of market rent: time and place.
411.508 Lessee's remedies.
411.509 Lessee's rights on improper delivery; rightful rejection.
411.510 Installment lease contracts: rejection and default.
411.511 Merchant lessee's duties as to rightfully rejected goods.
411.512 Lessee's duties as to rightfully rejected goods.
411.513 Cure by lessor of improper tender or delivery; replacement.
411.514 Waiver of lessee's objections.
411.515 Acceptance of goods.
411.516 Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over.
411.517 Revocation of acceptance of goods.
411.518 Cover; substitute goods.
411.519 Lessee's damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods.
411.520 Lessee's incidental and consequential damages.
411.521 Lessee's right to specific performance or replevin.
411.522 Lessee's right to goods on lessor's insolvency.
411.523 Lessor's remedies.
411.524 Lessor's right to identify goods to lease contract.
411.525 Lessor's right to possession of goods.
411.526 Lessor's stoppage of delivery in transit or otherwise.
411.527 Lessor's rights to dispose of goods.
411.528 Lessor's damages for nonacceptance, failure to pay, repudiation or other default.
411.529 Lessor's action for the rent.
411.530 Lessor's incidental damages.
411.531 Standing to sue 3rd parties for injury to goods.
411.532 Lessor's rights to residual interest.
SUBCHAPTER VI
TRANSITIONAL PROVISIONS
411.901 Applicability; written agreement to modify.
Ch. 411 Cross-reference
Cross-reference: See definitions in s.
401.201.
GENERAL PROVISIONS
411.101
411.101
Short title. This chapter may be cited as the uniform commercial code — leases.
411.101 History
History: 1991 a. 148.
411.102
411.102
Scope. This chapter applies to any transaction, regardless of form, that creates a lease.
411.102 History
History: 1991 a. 148.
411.102 Annotation
UCC Now Governs Personal Property Leases. Storm. Wis. Law. Oct. 1992.
411.103
411.103
Definitions and index of definitions. 411.103(1)(1)
In this chapter, unless the context requires otherwise:
411.103(1)(a)
(a) “Buyer in ordinary course of business" means a person who, in good faith and without knowledge that the sale to him or her is in violation of the ownership rights or security interest or leasehold interest of a 3rd party in the goods, buys in ordinary course from a person in the business of selling goods of that kind but does not include a pawnbroker. “Buying" may be for cash or by exchange of other property or on secured or unsecured credit and includes acquiring goods or documents of title under a preexisting contract for sale but does not include a transfer in bulk or as security for or in total or partial satisfaction of a money debt.
411.103(1)(b)
(b) “Cancellation" occurs when either party puts an end to the lease contract for default by the other party.
411.103(1)(c)
(c) “Commercial unit" means such a unit of goods as by commercial usage is a single whole for purposes of lease and division of which materially impairs its character or value on the market or in use. A commercial unit may be a single article, such as a machine, or a set of articles, such as a suite of furniture or a line of machinery, or a quantity, such as a gross or carload, or any other unit treated in use or in the relevant market as a single whole.
411.103(1)(d)
(d) “Conforming goods" or “performance under a lease contract" means goods or performance that is in accordance with the obligations under the lease contract.
411.103(1)(e)
(e) “Consumer lease" means a lease that a lessor regularly engaged in the business of leasing or selling makes to a lessee who is an individual and who takes under the lease primarily for a personal, family, or household purpose, if the total payments to be made under the lease contract, excluding payments for options to renew or buy, do not exceed $25,000.
411.103(1)(f)
(f) “Fault" means wrongful act, omission, breach or default.
411.103(1)(g)
(g) “Finance lease" means a lease with respect to which all of the following occur:
411.103(1)(g)1.
1. The lessor does not select, manufacture or supply the goods.
411.103(1)(g)2.
2. The lessor acquires the goods or the right to possession and use of the goods in connection with the lease.
411.103(1)(g)3.a.
a. The lessee receives a copy of the contract by which the lessor acquired the goods or the right to possession and use of the goods before signing the lease contract.
411.103(1)(g)3.b.
b. The lessee's approval of the contract by which the lessor acquired the goods or the right to possession and use of the goods is a condition to effectiveness of the lease contract.
