C.R.S. Section 4-2.5-209
Lessee under finance lease as beneficiary of supply contract


(1)

The benefit of the supplier’s promises to the lessor under the supply contract and of all warranties, whether express or implied, including those of any third party provided in connection with or as a part of the supply contract, extends to the lessee to the extent of the lessee’s leasehold interest under a finance lease related to the supply contract, but is subject to the terms of the warranty and of the supply contract and all defenses or claims arising therefrom.

(2)

The extension of the benefit of a supplier’s promises and of warranties to the lessee (section 4-2.5-209 (1)) does not: (i) modify the rights and obligations of the parties to the supply contract, whether arising therefrom or otherwise, or (ii) impose any duty or liability under the supply contract on the lessee.

(3)

Any modification or rescission of the supply contract by the supplier and the lessor is effective between the supplier and the lessee unless, before the modification or rescission, the supplier has received notice that the lessee has entered into a finance lease related to the supply contract. If the modification or rescission is effective between the supplier and the lessee, the lessor is deemed to have assumed, in addition to the obligations of the lessor to the lessee under the lease contract, promises of the supplier to the lessor and warranties that were so modified or rescinded as they existed and were available to the lessee before modification or rescission.

(4)

In addition to the extension of the benefit of the supplier’s promises and of warranties to the lessee under subsection (1) of this section, the lessee retains all rights that the lessee may have against the supplier which arise from an agreement between the lessee and the supplier or under other law.

Source: Section 4-2.5-209 — Lessee under finance lease as beneficiary of supply contract, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2024-title-04.­pdf (accessed May 26, 2025).

4–2.5–101
Short title
4–2.5–102
Scope
4–2.5–103
Definitions and index of definitions
4–2.5–104
Leases subject to other law
4–2.5–105
Territorial application of article to goods covered by certificate of title
4–2.5–106
Limitation on power of parties to consumer lease to choose applicable law and judicial forum
4–2.5–107
Waiver or renunciation of claim or right after default
4–2.5–108
Unconscionability
4–2.5–109
Option to accelerate at will
4–2.5–201
Statute of frauds
4–2.5–202
Final written expression: Parol or extrinsic evidence
4–2.5–203
Seals inoperative
4–2.5–204
Formation in general
4–2.5–205
Firm offers
4–2.5–206
Offer and acceptance in formation of lease contract
4–2.5–207
Course of performance or practical construction
4–2.5–208
Modification, rescission, and waiver
4–2.5–209
Lessee under finance lease as beneficiary of supply contract
4–2.5–210
Express warranties
4–2.5–211
Warranties against interference and against infringement
4–2.5–212
Implied warranty of merchantability
4–2.5–213
Implied warranty of fitness for particular purpose
4–2.5–214
Exclusion or modification of warranties
4–2.5–215
Cumulation and conflict of warranties express or implied
4–2.5–216
Third-party beneficiaries of express and implied warranties
4–2.5–217
Identification
4–2.5–218
Insurance and proceeds
4–2.5–219
Risk of loss
4–2.5–220
Effect of default on risk of loss
4–2.5–221
Casualty to identified goods
4–2.5–301
Enforceability of lease contract
4–2.5–302
Title to and possession of goods
4–2.5–303
Alienability of party’s interest under lease contract or of lessor’s residual interest in goods
4–2.5–304
Subsequent lease of goods by lessor
4–2.5–305
Sale or sublease of goods by lessee
4–2.5–306
Priority of certain liens arising by operation of law
4–2.5–307
Priority of liens arising by attachment or levy on, security interests in, and other claims to goods
4–2.5–308
Special rights of creditors
4–2.5–309
Lessor’s and lessee’s rights when goods become fixtures
4–2.5–310
Lessor’s and lessee’s rights when goods become accessions
4–2.5–311
Priority subject to subordination
4–2.5–401
Insecurity: Adequate assurance of performance
4–2.5–402
Anticipatory repudiation
4–2.5–403
Retraction of anticipatory repudiation
4–2.5–404
Substituted performance
4–2.5–405
Excused performance
4–2.5–406
Procedure on excused performance
4–2.5–407
Irrevocable promises: Finance leases
4–2.5–501
Default: Procedure
4–2.5–502
Notice after default
4–2.5–503
Modification or impairment of rights and remedies
4–2.5–504
Liquidation of damages
4–2.5–505
Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies
4–2.5–506
Statute of limitations
4–2.5–507
Proof of market rent: time and place
4–2.5–508
Lessee’s remedies
4–2.5–509
Lessee’s rights on improper delivery
4–2.5–510
Installment lease contracts: rejection and default
4–2.5–511
Merchant lessee’s duties as to rightfully rejected goods
4–2.5–512
Lessee’s duties as to rightfully rejected goods
4–2.5–513
Cure by lessor of improper tender or delivery
4–2.5–514
Waiver of lessee’s objections
4–2.5–515
Acceptance of goods
4–2.5–516
Effect of acceptance of goods
4–2.5–517
Revocation of acceptance of goods
4–2.5–518
Cover
4–2.5–519
Lessee’s damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods
4–2.5–520
Lessee’s incidental and consequential damages
4–2.5–521
Lessee’s right to specific performance or replevin
4–2.5–522
Lessee’s right to goods on lessor’s insolvency
4–2.5–523
Lessor’s remedies
4–2.5–524
Lessor’s right to identify goods to lease contract
4–2.5–525
Lessor’s right to possession of goods
4–2.5–526
Lessor’s stoppage of delivery in transit or otherwise
4–2.5–527
Lessor’s rights to dispose of goods
4–2.5–528
Lessor’s damages for nonacceptance, failure to pay, repudiation, or other default
4–2.5–529
Lessor’s action for the rent
4–2.5–530
Lessor’s incidental damages
4–2.5–531
Standing to sue third parties for injury to goods
4–2.5–532
Lessor’s rights to residual interest
4–2.5–533
Other measures of damages

Current through Fall 2025

§ 4-2.5-209. Lessee under finance lease as beneficiary of supply contract's source at colorado​.gov