P. I. C. Leasing, Inc. v. Roy A. Scheperle Construction Co.

WASSERSTROM, Judge.

The situation here involves a tri-partite transaction under which two-way radio equipment was furnished for appellant’s use. Appellant originally negotiated directly for this equipment with Harold Hawken. After they had agreed on the equipment and the terms, Hawken arranged for the transaction to be handled as a lease through P.I.C. Leasing, Inc., in order that certain tax advantages might accrue to appellant. The arrangement finally consummated was that P.I.C. bought the equipment from Hawken, and then P.I.C. in turn leased that equipment to appellant.

Hawken did deliver…