Compton Co. v. Minolta Business Systems, Inc.

Deen, Presiding Judge.

On August 6, 1980, Allen Compton, acting for the appellant The Compton Company, submitted a customer purchase agreement to the Minolta Business Systems, Inc. (Minolta), offering to purchase two Minolta EP 510 copiers, with Minolta selling (for $750) the copier that the appellant was using at that time. On August 21, 1980, the appellant and Minolta executed the actual lease agreement.

The lease agreement provided for a 60-month lease term, after which the appellant was to acquire ownership of the copiers upon payment of a sum of ten percent of the original total cost of…