General Electric Credit Corporation v. Strickle Properties, Ray Lyle and T.P. Strickland

EDWARD B. DAVIS, District Judge:

This appeal arises from a decision of the District Court granting judgment in favor of Appellant General Electric Credit Corporation (hereinafter “GECC”) on its contract claim. The District Court granted judgment after a bench trial and the submission of stipulated facts. The Court entered a judgment for GECC in the amount of $34,-146.72. GECC, however, had been seeking $282,011.35 in damages, plus prejudgment interest and attorneys’ fees. This appeal ensued.

FACTS

In 1984, Strickle Properties, Ray Lyle and T.P. Strickland (hereinafter “Appel-lees”) were the…