495. Leasing of work equipment; in general.

Where a person (the 'ostensible supplier') supplies an article for use at work or an article of fairground equipment to another (the 'customer') under a lease1 and: (1) the ostensible supplier has not previously granted any lease to the customer in respect of that article; (2) the ostensible supplier carries on the business of financing by means of leases the use of goods by others; (3) in the course of that business he acquired his interest in the article for the purpose of financing its provision to the customer by a third person (the 'effective supplier'); (4) he or