{"data":{"id":"us-nc/n.c.-gen.-stat.-25-2a-407","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-2A-407","heading":"Irrevocable promises: finance leases.","body":"(a)\tIn 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.\n(b)\tA promise that has become irrevocable and independent under subsection (a) of this section:\n(1)\tis effective and enforceable between the parties, and by or against third parties including assignees of the parties; and\n(2)\tis not subject to cancellation, termination, modification, repudiation, excuse, or substitution without the consent of the party to whom the promise runs.\n(c)\tThis 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. (1993, c. 463, s. 1; 2025-25, s. 112.)\nSubpart A. In General.","path":["Chapter 25. Uniform Commercial Code.","Article 2A. Leases.","Part 4. Performance of Lease Contract: Repudiated, Substituted, and Excused."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-2A-407.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"3f431dce644bd89e4d3307b302ac0c8f2dff70f50beb0efe986d4ae0e658b12e","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-2a-406","next":"us-nc/n.c.-gen.-stat.-25-2a-501"},"notice":"GroundRules: Original legal text. Not legal advice."}