Leslie v. Peace

Oliver, P. J.,

— This matter is before us on a nonjury trial. Plaintiff, insurance commissioner of Pennsylvania, as the statutory liquidator of the Paramount Mutual Insurance Company, filed a complaint in assumpsit, to secure an assessment against the two defendants.

Defendant Paul Peace conducted an auto rental agency. In the course of his business, he purchased certain automobiles from automobile dealers. Peace financed the purchase of these cars by executing a note and bailment lease contracts which named the dealers as the bailment lessors. The bailment lease contracts were then assigned to…