CIT Corporation v. Hess

TAYLOR, Justice.

Plaintiff (respondent) brought this action to recover from defendant (appellant) the balance alleged due upon an “Equipment Lease” contract, dated September 23, 1959, and assigned to plaintiff September 29, 1959. The material terms of the lease were as follows:

“Lessor hereby leases to Lessee, and Lessee hereby hires and takes from Lessor the following-described personal property (hereinafter, with all replacement parts, additions, repairs and accessories incorporated therein and/or affixed thereto, referred to as “equipment”): * * *

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