Christian Broadcasting Network, Inc. v. Turner Communications Corp.

ANSTEAD, Judge.

This is an appeal from an order denying appellant’s claim in a receivership proceeding. We reverse.

This is the second time this matter has been before us.1 On June 20, 1974, the appellee, Sun World Broadcasters, Inc. entered into an equipment lease with Continental Credit Corporation for the lease of broadcasting equipment, with title being retained by Continental. The lease, in turn, was assigned to RCA and finally to appellant, The Christian Broadcasting Network, Inc. Only the first monthly installment was paid on the lease. Thereafter RCA filed suit in the federal district…