C. I. T. Leasing Corp. v. Bar-Tender of Louisiana, Inc.

LEMMON, Judge.

This is an appeal from a judgment maintaining an exception of no cause of action and dismissing a petition for nullity of judgment and injunctive relief.

C.I.T. Leasing Corporation had entered into three written contracts to lease certain equipment to Bar-Tender of Louisiana, Inc., with options to purchase the equipment. Robert U. Blum individually guaranteed the obligations undertaken by Bar-Tender.1 When the lease payments allegedly became delinquent, C.I.T. filed two- separate suits, alleging that it had exercised its option under the agreement to declare the entire balance of…