Amacorp Industrial Leasing Co. v. Robert C. Young Associates, Inc.

Respondent, as plaintiff Amacorp Industrial Leasing Co., Inc. sued appellant Robert C. Young Associates, Inc. (Young) for money allegedly due on a lease contract executed on or about May 10, 1962, covering an offset duplicating press. The contract called for the payment of $14,115 payable in 60 monthly installments. $1,646.75 was paid.

Young denied each and every allegation of the complaint, admitting only the payment of the $1,646.75. Young set up an affirmative defense in its answer and cross-complained against Amacorp, adding as a new cross-defendant, Addressograph-Multigraph Corp.…