Schmidt v. Financial Resources Corp.

OPINION

BIRDSALL, Chief Judge.

This appeal challenges the entry of a summary judgment requiring a successor corporation to pay a judgment debt of its predecessor following a merger. The appellant is Financial Resources Corporation, an Arizona corporation resulting from a merger between that entity and American Leasco, another Arizona corporation. Ap-pellee and plaintiff in the action below is Walter H. Schmidt (Schmidt).

In August 1980 Schmidt sued American Leasco for damages arising out of an agency agreement. On November 4, 1982, after a trial in Pima County Superior Court in cause number…