United Leasing & Financial Services, Inc. v. R. F. Optical, Inc.

This is an action to recover damages for breach of two business equipment leases . Defendants challenge the enforceability of and calculation of damages under the default clause of the leases. The trial court enforced the agreements and awarded the plaintiff accrued and future rents due to the end of the lease term, less the sales price of the equipment and rents paid by the purchaser, together with interest and attorney fees. We affirm the trial court’s decision to enforce the agree ment, however, we conclude that the accelerated rents must be discounted to present value.

The default clause…