Prime Time Television, Inc. v. Coastal Computer Systems, Inc.

ALFORD, Judge.

The original action arose when Prime Time Television, Inc. (Prime Time) sued its lessor, First Continental Leasing Corporation (First Continental), and the supplier, Coastal Computer Systems, Inc. (Coastal Computer) to rescind Prime Time’s lease of computer equipment and to recover damages. First Continental in turn reconvened against Prime Time for non-payment of rent and additionally sued Terry Labat and Bolden W. Haydel under a continuing guaranty agreement signed by them in favor of First Continental.

When Prime Time declared bankruptcy, First Continental was granted a…