Equilease Corporation v. State Federal Savings and Loan Association, a Federal Savings and Loan Association

BARRETT, Circuit Judge.

This is an appeal from summary judgment granted to State Federal Savings and Loan Association (State Federal), defendant below, in an action brought by Equilease Corporation (Equilease), plaintiff below, seeking damages in amount of $42,000.00, together with interest, costs and attorney fees. Federal jurisdiction vests by virtue of diversity of citizenship.

Upon review of grant of summary judgment, the appellate court must be guided by the principle that summary judgment cannot be granted unless the “pleadings, depositions, answers to interrogatories, and admissions on…