PECO, INC. v. HARTBAUER TOOL & DIE CO.


500 P.2d 708 (1972)

PECO, INC., Respondent, v. HARTBAUER TOOL & DIE CO., an Oregon Corporation, and Glen E. Dodge, Appellants.

Supreme Court of Oregon, In Banc.

Decided September 8, 1972.


Attorney(s) appearing for the Case

Lee Davis Kell, Portland, argued the cause for appellants. On the briefs were Kell & Alterman, Portland.

Lee A. Hansen, Portland, argued the cause for respondent. On the brief were Jones, Brown, Hansen & Steenson.


McALLISTER, Justice.

The sole question on this appeal is whether an Equipment Lease between plaintiff Peco, Inc., as lessor, and the defendant Hartbauer Tool & Die Co., as lessee, is a security interest as defined by ORS 71.2010(37). We hold that it is.

There is no dispute about the facts. The lease, dated July 22, 1970, provided for the lease by Peco to Hartbauer of an electronic cutting machine, complete with all standard equipment, for a term of 36...

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