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Can you summarize NHRS 382-A:2A-209?
UNIFORM COMMERCIAL CODE > Lessee Under Finance Lease as Beneficiary of Supply Contract.
Short Summary
This provision states that the benefit of a supplier’s promises and warranties under a supply contract extends to the lessee to the extent of their leasehold interest under a finance lease related to the supply contract. However, this extension of benefit does not modify the rights and obligations of the parties to the supply contract or impose any duty or liability on the lessee. Any modification or rescission of the supply contract by the supplier and the lessor is effective between the supplier and the lessee, unless the supplier has received notice of the lessee entering into a finance lease related to the supply contract. In addition to the extension of benefit, the lessee retains all rights against the supplier arising from an agreement between them or under other law.
Whom does it apply to?
Lessee under a finance lease related to the supply contract
What does it govern?
Benefit of a 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
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire