The hirer of personal property may terminate the hiring before the end of the term agreed upon: 1. When the letter, within a reasonable time after request, does not fulfill the letter's obligations, if any, as to placing and securing the hirer in the quiet possession of the thing hired, or putting it into a good condition, or repairing it; or 2. When the greater part of the property hired, or that part thereof which was, and which the letter at the time of the hiring had reason to believe was, the material inducement to the hirer to enter into the contract, perishes from any cause other than the ordinary or gross negligence of the hirer.
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