Capital Associates, Inc. v. Zabel

Quillian, Presiding Judge.

This is an appeal from judgment for defendant-appellee Zabel in an action by plaintiff-appellant Capital Associates, Inc., to recover the unpaid balance on a defaulted lease of personalty.

Capital leased a copying machine for a period of thirty-six months to a company of which Zabel was president. Zabel executed a guarantee of the lease. The lease went into default and the machine was repossessed and sold by Capital, with the proceeds applied to the account balance. This action was commenced against Zabel for that balance. The lease provisions retained title in the…