Olivetti Leasing Corp. v. Metro-Plastics, Inc.

Evans, Judge.

Olivetti Leasing Corporation sued Metro-Plastics, Inc. and Hollis C. Hayes, its president, for default of its obligations under a leasing contract of certain computer equipment. The defendant corporation is alleged to be now defunct, insolvent, and *402unable to pay, and plaintiff seeks a judgment against defendant Hayes, as a guarantor, for the sums due under the leasing contract.

Defendants answered, by denying the material allegations of the complaint, and contend that they are not indebted; that the contract has been rescinded upon an accord and satisfaction, in that defendant…