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§12A-2A-209.


§12A-2A-209.
   
        LESSEE UNDER FINANCE LEASE AS BENEFICIARY OF SUPPLY CONTRACT
                                      
   (1) The benefit of the supplier's promises to the lessor under the
   supply contract and of all warranties, whether express or implied,
   including those of any third party provided in connection with or as
   part of the supply contract, extends to the lessee to the extent of
   the lessee's leasehold interest under a finance lease related to the
   supply contract, but is subject to the terms of the warranty and of
   the supply contract and all defenses or claims arising therefrom.
   
   (2) The extension of the benefit of a supplier's promises and of
   warranties to the lessee (subsection (1) of this section) does not:
   
   (i) modify the rights and obligations of the parties to the supply
   contract, whether arising therefrom or otherwise, or
   
   (ii) impose any duty or liability under the supply contract on the
   lessee.
   
   (3) Any modification or rescission of the supply contract by the
   supplier and the lessor is effective between the supplier and the
   lessee unless, before the modification or rescission, the supplier has
   received notice that the lessee has entered into a finance lease
   related to the supply contract. If the modification or rescission is
   effective between the supplier and the lessee, the lessor is deemed to
   have assumed, in addition to the obligations of the lessor to the
   lessee under the lease contract, promises of the supplier to the
   lessor and warranties that were so modified or rescinded as they
   existed and were available to the lessee before modification or
   rescission.
   
   (4) In addition to the extension of the benefit of the supplier's
   promises and of warranties to the lessee under subsection (1) of this
   section, the lessee retains all rights that the lessee may have
   against the supplier which arise from an agreement between the lessee
   and the supplier or under other law.
   

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