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Session Laws, 1994
Volume 773, Page 2506   View pdf image
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Ch. 535                                        1994 LAWS OF MARYLAND'

OF THE CONTRACT BY WHICH THE LESSOR ACQUIRED THE GOODS OR THE RIGHT
TO POSSESSION AND USE OF THE GOODS; OR

(D) IF THE LEASE IS NOT A CONSUMER LEASE, THE LESSOR,
BEFORE THE LESSEE SIGNS THE LEASE CONTRACT, INFORMS THE LESSEE IN
WRITING (A) OF THE IDENTITY OF THE PERSON SUPPLYING THE GOODS TO THE
LESSOR,, UNLESS THE LESSEE HAS SELECTED THAT PERSON AND DIRECTED THE
LESSOR TO ACQUIRE THE GOODS OR THE RIGHT TO POSSESSION AND USE OF THE
GOODS FROM THAT PERSON, (B) THAT THE LESSEE IS ENTITLED UNDER THIS
ARTICLE TO THE PROMISES AND WARRANTIES, INCLUDING THOSE OF ANY THIRD
PARTY, PROVIDED TO THE LESSOR BY THE PERSON SUPPLYING THE GOODS IN
CONNECTION WITH OR AS PART OF THE CONTRACT BY WHICH THE LESSOR
ACQUIRED THE GOODS OR THE RIGHT TO POSSESSION AND USE OF THE GOODS,
AND (C) THAT THE LESSEE MAY COMMUNICATE WITH THE PERSON SUPPLYING THE
GOODS TO THE LESSOR AND RECEIVE AN ACCURATE AND COMPLETE STATEMENT
OF THOSE PROMISES AND WARRANTIES, INCLUDING ANY DISCLAIMERS AND
LIMITATIONS OF THEM OR OF REMEDIES.

(H) "GOODS" MEANS ALL THINGS THAT ARE MOVABLE AT THE TIME OF
IDENTIFICATION TO THE LEASE CONTRACT, OR ARE FIXTURES (§ 2A-309), BUT THE
TERM DOES NOT INCLUDE MONEY, DOCUMENTS, INSTRUMENTS, ACCOUNTS,
CHATTEL PAPER, GENERAL INTANGIBLES, OR MINERALS OR THE LIKE, INCLUDING
OIL AND GAS, BEFORE EXTRACTION. THE TERM ALSO INCLUDES THE UNBORN
YOUNG OF ANIMALS.

(I) "INSTALLMENT LEASE CONTRACT" MEANS A LEASE CONTRACT
THAT AUTHORIZES OR REQUIRES THE DELIVERY OF GOODS IN SEPARATE LOTS TO
BE SEPARATELY ACCEPTED, EVEN THOUGH THE LEASE CONTRACT CONTAINS A
CLAUSE "EACH DELIVERY IS A SEPARATE LEASE" OR ITS EQUIVALENT.

(J) "LEASE" MEANS A TRANSFER OF THE RIGHT TO POSSESSION AND
USE OF GOODS FOR A TERM IN RETURN FOR CONSIDERATION, BUT A SALE,
INCLUDING A SALE ON APPROVAL OR A SALE OR RETURN, OR RETENTION OR
CREATION OF A SECURITY INTEREST IS NOT A LEASE, UNLESS THE CONTEXT
CLEARLY INDICATES OTHERWISE, THE TERM INCLUDES A SUBLEASE.

(K) "LEASE AGREEMENT" MEANS THE BARGAIN, WITH RESPECT TO THE
LEASE, OF THE LESSOR AND THE LESSEE IN FACT AS FOUND IN THEIR LANGUAGE
OR BY IMPLICATION FROM OTHER CIRCUMSTANCES INCLUDING COURSE OF
DEALING OR USAGE OF TRADE OR COURSE OF PERFORMANCE AS PROVIDED IN
THIS TITLE. UNLESS THE CONTEXT CLEARLY INDICATES OTHERWISE, THE TERM
INCLUDES A SUBLEASE AGREEMENT.

(L) "LEASE CONTRACT", MEANS THE TOTAL LEGAL OBLIGATION THAT
RESULTS FROM THE LEASE AGREEMENT AS AFFECTED BY THIS TITLE AND ANY
OTHER APPLICABLE RULES OF LAW. UNLESS THE CONTEXT CLEARLY INDICATES
OTHERWISE, THE TERM INCLUDES A SUBLEASE CONTRACT.

(M) "LEASEHOLD INTEREST" MEANS THE INTEREST OF THE LESSOR OR
THE LESSEE UNDER A LEASE CONTRACT.

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Session Laws, 1994
Volume 773, Page 2506   View pdf image
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