Gibraltar Financial Corp. v. Prestige Equipment Corp.

OPINION

BAKER, Chief Judge.

To paraphrase Sigmund Freud, sometimes a lease is just a lease. The appellant herein argues that a lease entered into between two businesses was actually a disguised sale subject to an unofficial security interest. After applying the relevant statute and examining the underlying cireum-stances of the transaction, we find that the lease was just that-a lease.

Appellant-plaintiff Gibraltar Financial Corp. (Gibraltar) appeals the trial court's order granting summary judgment in favor of appellees-defendants Prestige Equipment Corp. (Prestige), National Machinery…