PocketLaw | US Virgin Islands Code | Formation and Construction of

Formation and Construction of Lease Contract

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Statute of frauds

Final written expression: parol or extrinsic evidence

Seals inoperative

Formation in general

Firm offers

Offer and acceptance in formation of lease contract

Course of performance or practical construction

Modification, rescission and waiver

Lessee under finance lease as beneficiary of supply contract

Express warranties

Warranties against interference and against infringement; lessee's obligation against infringement

Implied warranty of merchantability

Implied warranty of fitness for particular purpose

Exclusion or modification of warranties

Cumulation and conflict of warranties express or implied

Third-party beneficiaries of express and implied warranties

Identification

Insurance and proceeds

Risk of loss

Effect of default on risk of loss

Casualty to identified goods