Equilease Corp. v. Donahue

Appellant contends that the decision of the board is unreasonable and unlawful in holding that the contracts are leases rather than conditional sales contracts, and that even if the contracts are leases the tax may be levied only against the lessees rather than against the lessor.

The rules governing determination of the issue of whether these contracts are conditional sales or leases were set forth in Alzfan v. Bowers, Taco Commr., 175 Ohio St. 349, 352, as follows:

“Where * * * a so-called lessee is obligated to accept and pay for personal property at some future time and has no option to…