General Electric Capital Corp. v. Southeastern Health Care, Inc., and Prentiss E. Smith, Jr.

WIENER, Circuit Judge:

This Louisiana diversity case involves a dispute arising from the lease of an aircraft (the Lease). The lessor, General Electric Capital Corporation (GECC), appeals the district court’s grant of a summary judgment on motion of the lessee, Southeastern Health Care, Inc. (Southeastern), and its President, owner, and guarantor under the lease, Prentiss E. Smith, Jr., M.D. Finding that, before the instant suit was filed, Southeastern had complied with GECC’s notice of default, the district court held that such compliance vitiated that notice, necessitating a new default as a…