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Financial Leasing Contracts

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Chapter Summary

This chapter contains twenty six articles on financial leasing contracts. Some of the presented articles are: definition of financial leasing contracts, restrictions to the subject of the lessor, main clauses of the financial leasing contract, object of financial leasing contract, termination of the sales contracts and the financial leasing contracts, ownership of the leased property and the effect of its defense and lessee's duty of keeping, maintenance and repair. A financial leasing contract refers to a contract whereby the lessor buys the leased property from the seller according to the lessee's request, the seller supplies it to the lessee for his use and the lessee pays rent. The lessor shall be authorized by a competent financial leasing authority of the State, which shall be a financial leasing company that has the competence to run a finance lease business.

Keywords: financial leasing contracts; leased property; sales contracts



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