Commercial Discount Corp. v. Bayer

Mr. PRESIDING JUSTICE SULLIVAN

delivered the opinion of the court:

Plaintiff (secured party) appeals from the trial court’s direction of the verdict in favor of defendants (guarantors) and presents the following issues for review: (1) whether a secured party is required to give guarantors notice of a default sale; and (2) whether the trial court erred in directing the verdict at the close of plaintiff s case.

In March, 1969, plaintiff purchased a plastic injection molding machine for *15,500 and leased it to SAS Injection Molding, Inc., for five years with a total rental fee of *20,925. As a condition…