Fisher Systems Leasing, Inc. v. J & J Gunsmithing & Weaponry Design, Inc.

SCHWARTZMAN, Chief Judge.

Jeff N. Davis and J & J Gunsmithing appeal from the district court’s order denying their I.R.C.P. 60(b) motion to set aside a default judgment in favor of Fisher Systems Leasing, Inc. We reverse and remand.

I

FACTS AND PROCEDURE

Davis was a gunsmith who designed and manufactured bullets and weapons in Lewiston, Idaho. Davis was doing business through a corporation he owned known as J & J Gunsmithing, Inc. (J & J). In order to finance his business he borrowed money from West One Bank. In May of 1996, his obligation to West One Bank was assigned to Fisher Systems and a…