Excel Leasing Co. v. Christensen

SWANSTROM, Judge.

This appeal arises out of a judgment awarded Excel Leasing Company against David and Sondra Christensen based on the breach by David Christensen of two equipment leases. David Christensen raises several issues on appeal which may be summarized as follows: (1) whether the agreements between Excel and Christensen were leases or security agreements; (2) whether the trial court properly determined, for purpose of a credit allowed Christensen against damages for breach of the leases, the value of certain real property owned by Christensen and purchased at a foreclosure sale by…