2A505 - Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies.

     § 2A505.  Cancellation and termination and effect of                cancellation, termination, rescission or fraud on                rights and remedies.        (a)  Cancellation of contract.--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.        (b)  Termination of contract.--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.        (c)  Damage claim for antecedent default.--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.        (d)  Misrepresentation or fraud.--Rights and remedies for     material misrepresentation or fraud include all rights and     remedies available under this division for default.        (e)  Inconsistency of claim or remedy.--Neither rescission     nor a claim for rescission of the lease contract nor rejection     or return of the goods may bar or be deemed inconsistent with a     claim for damages or other right or remedy.        Cross References.  Section 2A505 is referred to in sections     2A406, 2A508, 2A523 of this title.