North American Corp. v. Allen

OPINION

NYE, Chief Justice.

This is an appeal based upon a written lease agreement between appellant-plaintiff North American Corporation and appel-lee-defendant Herbert C. Allen, Jr. North American acquired its rights to the lease under an assignment from the original lessor, Optical Scanning Corporation. Under the terms of the lease, Allen was to lease computer equipment for a term of one year and thereafter for successive periods of like duration until terminated at the end of the initial or any renewal contract period by written notice from either party. On July 19, 1976, appellee Allen…