Gulf Winds, Ltd. v. First Union Bank

Beasley, Judge.

This appeal is from a judgment for the lessor following a bench trial in a dispute involving an alleged default under an equipment lease for two pay telephones.

Lease Planning, Inc., is in the business of leasing various types of equipment and motor vehicles. It solicits business from vendors, companies that either manufacture or distribute equipment. If a vendor’s salesman has a customer who would rather lease than pay cash for the equipment, he would use Lease Planning to purchase it. Sometimes Lease Planning is solicited from vendors asking if it would handle a transaction.…