Computer Leasing Co. v. Computing & Software, Inc.

Plaintiff, Computer Leasing Company (hereinafter, Computer Leasing) is the owner of a computer and peripheral equipment leased to defendant, Com*20puting & Software, Inc. (now known as and hereinafter referred to as Cordura), by a lease agreement amendment (actually an assignment) entered into by the parties on June 9, 1972. A dispute later arose concerning liability for damage to the computer incurred during transportation. Negotiation and arbitration attempts failed. Cordura withheld rent payments totaling approximately $16,000 to partially cover expenses directly and indirectly related to…