Pearson v. Garrett Financial Services, Inc.

OPINION

SANDERS, Presiding Judge

(Eastern Section).

The Defendant has appealed from a decree holding it liable for breach of contract.

In October, 1985, the Defendant-Appellant, Garrett Financial Services, Inc. (Garrett) entered into an agency agreement with the Plaintiff-Appellee, Tim Pearson, whereby Garrett appointed Pearson its exclusive agent to sell “Lease Programs” to banks and other financial institutions located in a designated area including all of East Tennessee. As pertinent here, the agency agreement provided (1) It was for a term of 10 years from date; (2) As compensation, Garrett…