Atlantic Leasing & Financial, Inc., a Corporation v. Ipm Technology, Inc.

HARRISON L. WINTER, Circuit Judge:

Plaintiff, Atlantic Leasing & Financial, Inc. (Atlantic), obtained a confessed judgment in the amount of $72,434.26 against defendant, IPM Technology, Inc. (IPM), as the guarantor of an equipment lease. IPM appeals the district court’s refusal to vacate the confessed judgment asserting federal constitutional and state law error. We affirm.

I

IPM is the guarantor of Workman Electronic Products (“Workman”), a previously wholly-owned subsidiary of IPM, with respect to a lease of computer equipment by Workman from Atlantic, a subsidiary of The Bank of Baltimore.…