Gate City Savings & Loan Ass'n v. International Business MacHines Corp.

TEIGEN, Judge.

International Business Machines Corporation (hereinafter IBM) has appealed from a judgment in favor of Gate City Savings and Loan Association (hereinafter Gate City) and against IBM and Information Management Technology, Inc. (hereinafter IMT), jointly and severally, in the amount of $7,673.99, plus interest and costs. IMT permitted judgment to be entered against it by default and has not appealed.

The action involves a dispute over sales tax paid, resulting from the sale of certain computer equipment which IMT had on lease from IBM, which equipment was later purchased by Gate…