2408

The lessor is the owner of the chattel subject to the lease contract. The lessee, who has its possession, may use and enjoy the chattel, provided he/she does not fail to comply with the clauses stipulated in the contract. If he/she does not comply with the same, the lessor may file those pertinent and necessary legal actions in order to compel the lessee to meet the obligation to which he/she voluntarily submitted.\nWhen the chattel subject to the lease contract is a motor vehicle subject to a lease contract, the title holder of the personal property shall be deemed to be the person to whom, through the lease contract, is ceded the possession, use and enjoyment of the personal property subject to the contract.\nThe lessor shall be responsible before the lessee or before third parties in the exclusive operating lease, only if product liability, compensation for defects and product warranties exist.\nThe preceding provisions shall not alter the responsibilities and obligations the lessor would be bound to, when the figures of the representative of the manufacturer or the authorized distributor coincide in the former, under the Motor Vehicle Warranty Act.\nHistory —Aug. 13, 1994, No.

would be bound to, when the figures of the representative of the manufacturer or the authorized distributor coincide in the former, under the Motor Vehicle Warranty Act.\nHistory —Aug. 13, 1994, No. 76, § 10; Sept. 6, 1996, No. 192, § 3, eff. 30 days after Sept. 6, 1996.