Mann Investment Co. v. Columbia Nitrogen Corp.

Jowers, a farmer, sought to purchase certain irrigation equipment. He was advised by the seller that he could lease the equipment, that is, he “didn’t have to go borrow the money.” He leased it through Mann Investment Company, a partnership. He executed a master equipment lease which set forth the various terms, warranties, identification of the personal property and taxes, the return of the equipment, including other covenants as to the lessee’s obligation to pay or rent for a period of seven years. All the terms of the lease were set forth therein including an amendment and a description of…