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LEASING SERVICE CORP. v. CRANE

Nos. 85-1679, 85-1755.

804 F.2d 828 (1986)

LEASING SERVICE CORPORATION, Appellee, v. Fred Lee CRANE, William Donald Crane and Crane Brothers Well Drilling, Appellants. LEASING SERVICE CORPORATION, Appellant, v. Fred Lee CRANE, William Donald Crane and Crane Brothers Well Drilling, Appellees.

United States Court of Appeals, Fourth Circuit.

Decided October 30, 1986.

Attorney(s) appearing for the Case

Monty C. Beck and Orville D. Coward, Jr. (Coward, Dillard, Cabler, Sossoman & Hicks, P.A., Sylva, N.C., on brief), for appellants/cross-appellees.

Joseph P. McGuire (McGuire, Wood, Worley & Bissette, P.A., Asheville, N.C., on brief), for appellee/cross-appellant.

Before PHILLIPS, CHAPMAN and WILKINSON, Circuit Judges.

JAMES DICKSON PHILLIPS, Circuit Judge:

This is an appeal and cross-appeal from a judgment rendered in a diversity action involving a disputed lease of drilling equipment. After defendants Fred and Donald Crane (the Cranes) leased a drill rig from a supplier, the lessor-supplier assigned the lease to plaintiff Leasing Service Corporation (Leasing Corp.). When the Cranes fell behind in their payments under the lease, Leasing Corp. sued in diversity, seeking damages...

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