Woudenberg Leasing Co. v. ITT Corp.

OPINION

LIVERMORE, Presiding Judge.

A & G Classic Cars, Inc., through its president Richard Hovey, sold a 1965 Bentley to plaintiff Woudenberg Leasing Co. *386and then leased it back. Hovey sought permission from Woudenberg to sell the car through an auction to be run by a division of defendant ITT Corporation. He received it in the following letter:

January 4, 1983

Mr. Richard Hovey, President

A & G Classic Cars, Inc.

621 N. Central Ave.

Phoenix, AZ 85004

Dear Mr. Hovey:

You are hereby authorized to sell our 1965 Bentley 4 Door Sedan, Vehicle I.D. No. B172LGJ at the 1983 Kruse Auction in Phoenix.

Upon…