Davis v. Equilease Corp.

DOYLE, Justice.

This suit involves a summary judgment awarded to Equilease Corporation, appellee, arising from a liquidated claim based on the breach of a lease agreement with V. Ray Davis, appellant.

In 1975 appellant executed a lease agreement with appellee to rent certain equipment described as, “1 Apeco 200 Bond” and explained in appellee’s brief as being a copy machine. The lease was non-cancellable for a 60 month term and provided that in the event of default by the lessee for a period of ten days, lessor could elect either to retake immediate possession of the equipment, sell it and…