Profit v. Leasing Systems, Inc.

Deen, Presiding Judge.

Appellant Joe Profit, acting on behalf of various ones of his partially or wholly owned business enterprises, entered into several different equipment leases with appellee Leasing Systems, Inc. (Leasing). Falling into default on the lease for a piece of equipment which he had leased for use by his International House of Pancakes franchise, appellant arranged with appellee for another of his businesses, J. B. & R. H., Inc., to take over this lease. Subsequently, neither Profit nor J. B. & R. H., Inc., made payments on the lease, and Leasing filed an action for breach of…