P.R. Laws tit. 10, § 2407
The lessee may freely select the supplier of the personal property subject to the lease contract. Once the personal property is inspected, if the chattel meets the lessee’s requirements, he/she shall request the lessor to deliver it. After the delivery is made, the lessee shall sign a Delivery Receipt and hand over the down payment, as agreed. If the lessee does not sign, the lessor shall not be bound to pay the sale price to the supplier.
At any moment, the lessee may desist from the contract, without any penalty, until the moment the chattel is delivered or its possession is acquired. Once the chattel is accepted and the delivery receipt is acquired, the lessor shall process, prepare and remit the payment in the amount of the amount to the supplier, as agreed.
The lessee may request the lessor to advance the payments of the chattel’s cost or issue purchase orders or commitments to the supplier, in which case, the lessee shall be bound from said moment, as long as the chattel received meets the required specifications.
History —Aug. 13, 1994, No. 76, § 9, eff. 60 days after Aug. 13, 1994.