Legal Opinion
GreatAmerica Leasing Corp. v. Star Photo Lab, Inc.
Court of Appeals of Iowa
Decided October 29, 2003No. 02-0978PublishedCited by 7 opinions
1Opinion of the CourtVogel, P.J.
This discretionary review action presents a question of first-impression in Iowa, namely, the validity and enforceability of what is known as a “hell or high water” provision contained in a financing lease agreement. We conclude the provision conforming to Iowa Code section 554.13407 (2001) controls the resolution of this case and therefore reverse and remand for further proceedings.
Background Facts and Proceedings.
In July of 1999, Defendant, Star Photo Lab, Inc., 1 (Star Photo) by its president, William London, negotiated with Unique Business Systems Corporation (UBSC) for the acquisition of…
2Cases cited5 opinions
- West Virginia, Department of Finance & Administration v. Hassett (In Re O.P.M. Leasing Services, Inc.)United States Bankruptcy Court, S.D. New York · 1982
- Colorado Interstate Corporation Colorado Interstate Gas Company v. The Cit Group/equipment Financing, Inc.Court of Appeals for the Tenth Circuit · 1993
- Hyde v. AnaniaSupreme Court of Iowa · 1998
- General Electric Capital Corp. v. National Tractor Trailer School, Inc.New York Supreme Court · 1997
- Citicorp of North America, Inc. v. Lifestyle Communications Corp.District Court, S.D. Iowa · 1993
3Cited by7 opinions
- Excel Auto & Truck Leasing, L.L.P. v. Alief Independent School District, Texas Court of Appeals, 1st District (Houston)2007
- Excel Auto & Truck Leasing, L.L.P. v. Alief Independent School District, Texas Court of Appeals, 1st District (Houston)2007
- Excel Auto and Truck Leasing, L.L.P. v. Alief Independent School District, Texas Court of Appeals, 1st District (Houston)2007
- GreatAmerica Financial Services Corp. v. Natalya Rodionova Medical Care, P.C.Supreme Court of Iowa · 2021
- GreatAmerica Financial Services CorporationCourt of Appeals of Iowa · 2020
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