Chapter XV Contracts for Financing Lease Ar cle 735 A contract for nancing lease is a contract under which a lessee selects a leased object and its seller, and a lessor purchases the leased object from the selected seller and provides it to the lessee for use, who pays the rent in return. Ar cle 736 A contract for nancing lease generally contains clauses specifying the name, quan ty, speci ca ons, technical performance, and inspec on method of the leased object, the term of the lease, the composi on of rent, the me limit, method, and currency for payment of the rent, the ownership over the leased object upon expira on of the term, and the like. A contract for nancing lease shall be made in wri ng. Ar cle 737 A contract for nancing lease concluded by the par es on a c ous leased object is void. Ar cle 738 Where the opera on or use of a leased object requires administra ve license in accordance with the provision of laws and administra ve regula ons, the failure of the lessor to obtain such administra ve license does not a ect the validity of the contract for nancing lease. Ar cle 739 Where a lessor concludes a sales contract based on a lessee’s selec on of the seller and the leased object, the seller shall deliver the object to the lessee as agreed by the par es, and the lessee shall enjoy the rights of a buyer with regard to the object received. Ar cle 740 A lessee may refuse to accept the subject ma er delivered by the seller where a seller breaches his obliga on of delivery of the subject ma er to the lessee, and one of the following circumstances occurs: (1) the subject ma er is materially inconsistent with the agreement; or (2) the seller fails to deliver the subject ma er as agreed by the par es, and s ll fails to deliver it within a reasonable period of me a er being demanded by the lessee or the lessor. Where a lessee refuses to take delivery of the subject ma er, he shall promptly no fy the lessor. Ar cle 741 The lessor, the seller, and the lessee may agree that, where the seller fails to perform the obliga ons under the sales contract, the lessee shall exercise the right to claim against the seller. Where the lessee exercises such a right, the lessor shall render assistance. Ar cle 742 A lessee’s exercise of the right to claim against the seller shall not a ect his performance of the obliga on to pay the rent. However, where a lessee has relied upon the lessor's exper se in selec ng the leased object or the lessor has intervened with the selec on of the leased object, the lessee may request reduc on or exemp on of the rent accordingly. Ar cle 743 Where any of the following circumstances occurs, which causes the failure of the lessee to exercise the right to claim against the seller, the lessee has the right to request the lessor to bear corresponding liability: (1) the lessor clearly knows that the leased object has quality defects but fails to no fy the lessee; or (2) when the lessee exercises the right to claim, the lessor fails to provide necessary assistance in a mely manner. Where a right to claim against the seller may only be exercised by the lessor but the lessor fails to exercise such right owing to his indolent, thus causing loss to the lessee, the lessee has the right to request the lessor to bear the liability for compensa on. Ar cle 744 Where a lessor concludes a sales contract based on the lessee’s selec on of the seller and the leased object, the lessor may not, without the consent of the lessee, modify the content of the contract related to the lessee. ti ti ti ti ti ti ti ti ti ti ff ti ti ti ti fi ti ti tt tt ti fi ti ti ti tt tt ti ti ti ft fi fi ti fi ti ti ti ff tt fi ti ti ti ti ti ti fi ti ti ti ti ti ti ti ti ti ti 80