Equico Lessors, Inc. v. Tow

Equico Lessors, Inc. (Equico) appeals from a dismissal of its action against David Tow to enforce an equipment lease.

Jerry Scholes, d/b/a All-Valley Refrigeration, is the manufacturer of a large refrigeration unit which is intended to be installed in fishing vessels. Equico, a leasing company, purchased a unit from Scholes and leased it to David Tow, a commercial fisherman. Tow defaulted on the lease agreement because the unit was defective. In a suit by Equico against Tow on the lease and a third party action by Tow against Scholes, the trial court dismissed Equico's action against Tow and…