411.405 Excused performance.
102 words·~1 min read·
/wi/chapter-411/411-405A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
411.405 Excused performance. Subject to s. 411.404 on substituted performance, the following apply:
(1)Delay in delivery or nondelivery in whole or in part by a lessor or a supplier who complies with subs.
(2)and
(3)is not a default under the lease contract if performance as agreed has been made impracticable by the occurrence of a contingency the nonoccurrence of which was a basic assumption on which the lease contract was made or by compliance in good faith with any applicable foreign or domestic governmental regulation or order, whether or not the regulation or order later proves to be invalid.