Legal Opinion
Coastal Leasing Corp. v. T-BAR S CORP.
Court of Appeals of North Carolina
Decided January 20, 1998No. COA97-382PublishedCited by 13 opinions
1Opinion of the Court
WALKER, Judge.
Plaintiff entered into a lease agreement (lease) with defendant T-Bar S Corporation (T-Bar) in May of 1992, whereby plaintiff agreed to lease certain cash register equipment (equipment) to T-Bar. Under the lease, T-Bar agreed to monthly rental payments of $289.13 each for a total of 48 months. Defendants George and Sharon Talbott (appellants) were the officers of T-Bar and personally guaranteed payment of all amounts due under the lease.
After making 18 of the monthly payments, appellants and T-Bar defaulted on the lease in December of 1993. On 28 February 1994, plaintiff mailed…
2Cases cited3 opinions
- Pressman v. University of North Carolina at CharlotteCourt of Appeals of North Carolina · 1985
- Suits v. Old Equity Life Insurance CompanySupreme Court of North Carolina · 1959
- PacifiCorp Capital, Inc. v. Tano, Inc.District Court, S.D. New York · 1995
3Cited by13 opinions
- Eastover Ridge, L.L.C v. Metric Constructors, Inc.Court of Appeals of North Carolina · 2000
- Barker v. Kimberly-Clark Corp.Court of Appeals of North Carolina · 2000
- In Re: Montgomery Ward Holding Corp., a Delaware Corporation, Reorganized Debtors Montgomery Ward & Co., Incorporated v. Meridian Leasing CorporationCourt of Appeals for the Third Circuit · 2003
- Case Credit Corp. v. Baldwin Rental Centers, Inc. (In Re Baldwin Rental Centers, Inc.)United States Bankruptcy Court, S.D. Georgia · 1998
- Green Park Inn, Inc. v. MooreCourt of Appeals of North Carolina · 2002
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