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AMERICAN LEASE PLANS, INC. v. HOUGHTON CONST. CO., INC.

No. 73-3077 Summary Calendar.

492 F.2d 34 (1974)

AMERICAN LEASE PLANS, INC., Plaintiff-Appellant, v. HOUGHTON CONSTRUCTION COMPANY, INC., et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

April 8, 1974.

Attorney(s) appearing for the Case

Tabor R. Novak, Jr., Robert S. Lamar, Jr., Montgomery, Ala., for plaintiff-appellant.

George B. Azar, Montgomery, Ala., for defendants-appellees.

Before BELL, GODBOLD and GEE, Circuit Judges.

PER CURIAM :

This dispute concerns damages resulting from defaults by defendants-appellees (collectively, "Houghton") in payments under lease agreements with the plaintiff ("ALP"). ALP purchased various pieces of equipment at defendants' request and leased them to defendants under long-term contracts with rentals premised on repayment of the purchase price plus financing charges. Plaintiff's profits stem from charges for financing such equipment.

Houghton...

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