If the lessor of a financial lease contract fails to pay the price of the leased equipment as stipulated in the contract, how should it bear liability for breach of contract
Legal analysis:
The lessee shall reasonably If the rent is still not paid within the time limit, the lessor may request payment of all rent; it may also terminate the contract and take back the leased property.
Legal basis:
According to Article 752 of the Civil Code: the lessee shall pay the rent as agreed. If the lessee still fails to pay the rent within a reasonable period of time after being reminded, the lessor may request payment of all rent; it may also terminate the contract and take back the leased property.