Equitable Life Leasing Corp. v. Cedarbrook, Inc.

The plaintiff, Equitable Life Leasing Corporation (Equitable), appeals the trial court's order granting defendant Cedarbrook's motion for summary judgment on its counterclaim and the subsequent trial court judgment awarding Cedarbrook damages for breach of contract. We affirm.

Facts

On October 28, 1982, Cedarbrook entered into an equipment lease agreement with Equitable, wherein Equitable agreed to lease to Cedarbrook certain equipment in consideration of Cedarbrook's making an initial payment of $1,047.82 and making further monthly payments of $523.91 commencing on November 10, 1982, and on…