Sri Lanka Consolidated Acts

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Finance Leasing Act (No. 56 of 2000) - Sect 19

Non- liability of lessor for loss in relation to equipment

19. (i) A lessor shall not incur any liability to the lessee any loss suffered by the lessee in respect of the equipment provided under the finance lease, except to the extent of any arising out of the lessee's reliance on the lessor's skill and judgement on the selection of the equipment or in the lessor's intervention in the selection of the supplier or in the specification of the equipment. (2) Subject to the provisions of subsection (1), the lessor shall not. in the capacity of a lessor, be liable to any person for any loss suffered by death, personal injury or damage to property caused by any equipment provided under the finance lease or its use. (3) The provisions of subsection (2) shall not affect the liability of a lessor for the toss referred to in that subsection in a capacity other than as a lessor.


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