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<section article="gcl" article_name="Commercial Law" number="2A-407" title_number="2A" title_name="Leases" subtitle_number="4" subtitle_name="Performance of Leased Contract: Repudiated, Substituted, and Excused">
  <level label="1">
    <text>In the case of a finance lease that is not a consumer lease the lessee’s promises under the lease contract become irrevocable and independent upon the lessee’s acceptance of the goods.</text>
  </level>
  <level label="2">
    <text>A promise that has become irrevocable and independent under subsection (1):</text>
    <level label="a">
      <text>Is effective and enforceable between the parties and by or against third parties including assignees of the parties; and</text>
    </level>
    <level label="b">
      <text>Is not subject to cancellation, termination, modification, repudiation, excuse, or substitution without the consent of the party to whom the promise runs.</text>
    </level>
  </level>
  <level label="3">
    <text>This section does not affect the validity under any other law of a covenant in any lease contract making the lessee’s promises irrevocable and independent upon the lessee’s acceptance of the goods.</text>
  </level>
</section>
