Sri Lanka Consolidated Acts

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Finance Leasing Act (No. 56 of 2000) - Sect 18

Supplier's obligations to a lessee

18. (1) Where a lessor enters into a supply agreement for the supply of an equipment to a lessee, the lessee shall also have the right to enforce such agreement as if the lessee party to it. (2) Where the supplier discharges the liability under a supply agreement to either the lessor or lessee, the supplier shall be released from the liability to the other, and the provisions of subsection (1) shall not be construed as imposing on the supplier, any liability to both the lessor and the lessee in respect of the same matter or thing under such agreement, in such instance.


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