B & D LEASING CO. v. Ager

Williams, J. *

In 1983, appellant Peachtree Limited Partnership was a limited partnership of which appellant Carbon Company, Inc., was the general partner. At that time, Carbon Company held rights to the process of carbonizing peach pits and converting the same into energy for the production of electricity. Peachtree had a contract with Pacific Gas and Electric Company of California for the sale of the electrical power produced by the Carbon Company at its California plant.

On March 30, 1983, Peachtree sold certain powerhouse equipment to respondent B & D Leasing for $330,000. On April 6, 1983,…