Citipostal, Inc. v. Unistar Leasing
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
—Order unanimously modified on the law and as modified affirmed without costs and matter remitted to Supreme Court for further proceedings in accordance with the following Memorandum: Plaintiff acquired certain mobile communications equipment as lessee under a self-described “finance lease.” The lease, assigned to defendant Unistar Leasing (Unistar) shortly after its inception, provides for a term of 12 months and for a “down payment” of $2,084.62 and 11 additional monthly payments of $525.21 plus tax. The lease further provides that plaintiff has the option to purchase the equipment for one…
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- Marine Midland Bank v. John E. Russo Produce Co.New York Court of Appeals · 1980
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