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IND. LEASING CORP. v. ROBERTS MYRTLEWOOD FACTORY

240 Or. 577 (1965)

401 P.2d 698

INDUSTRIAL LEASING CORPORATION v. ROBERTS MYRTLEWOOD FACTORY, INC.

Supreme Court of Oregon.

Affirmed May 12, 1965.

Petition for rehearing denied June 22, 1965.

Attorney(s) appearing for the Case

Morgan S. Pritchett, Portland, argued the cause and filed the brief for appellant.

Clifford E. Nelson, Portland, argued the cause for respondent. With him on the brief were Phelps, Nelson & Shepherd, Portland.

Before McALLISTER, Chief Justice, and SLOAN, GOODWIN and HOLMAN, Justices.

AFFIRMED.

HOLMAN, J.

On September 27, 1961, plaintiff leased two items of office equipment to defendant for a period of sixty months commencing October 1, 1961, at a monthly rental of $16.12. The contract contained the following provision setting forth plaintiff's remedies in case of default:

"Lessee agrees that should the lessee fail to pay any part of the rentals herein reserved, * * * within 10 days after the due date thereof * * * the lessor shall...

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