Anderson v. Taurus Financial Corp.

YOUNG, Circuit Judge.

The issues presented in this case are: (1) whether California or South Dakota law should apply to an agreement between Taurus Financial Corporation d/b/a Taurus Leasing Corporation (hereinafter Taurus) and Courtney W. Anderson (hereinafter Anderson) and (2) if South Dakota rather than California law should apply, whether the agreement constitutes a valid sale and leaseback agreement or is actually a loan in disguise to which the South Dakota usury laws must be applied.

RELEVANT FACTS AND PROCEDURAL HISTORY

Amongst its other financial enterprises, Taurus is involved in…