Long v. Tokai Bank of California

Brogan, Presiding Judge.

This matter is before the court on the appeal of plaintiffs/appellants from the summary judgment granted to Tokai Bank of California (“Tokai”). The undisputed facts pertinent to resolution of this case are as follows. Tokai is a banking corporation and is not in the business of commercial leasing. Tokai provides a number of banking services, including, on occasion, the purchase and lease of machinery and equipment. The purpose of the lease agreements is to provide a method of financing so that customers can facilitate their acquisition of equipment. Accordingly, on May…