Allis-Chalmers Credit Corp. v. McCormick

The plaintiff Allis-Chalmers Credit Corporation filed suit against the defendant Richard McCormick to recover the balance due on a document purporting to be a lease agreement. The complaint incorporated the lease which indicated that McCormick had agreed to lease a piece of machinery, a crawler loader, from Dunmire Equipment Company for a term of 48 months and that Dunmire had assigned the lease to Allis-Chalmers as allowed by, and provided for in, the lease agreement. MeCormick made an advance payment and two monthly rental payments in accordance with the agreement. Apparently, he made no…