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ICC LEASING CORP. v. MIDWESTERN MACHINERY CO.

No. 46945.

257 N.W.2d 551 (1977)

ICC LEASING CORPORATION, Respondent, v. MIDWESTERN MACHINERY COMPANY, Appellant, Thomas L. MacKrell, Defendant.

Supreme Court of Minnesota.

Rehearing Denied September 22, 1977.

Attorney(s) appearing for the Case

Lindquist & Vennum and William C. Mortensen and Kurtis A. Greenley, Minneapolis, for appellant.

Maun, Hazel, Green, Hayes, Simon & Aretz and Richard D. Donohoo, St. Paul, for respondent.

Heard before ROGOSHESKE, PETERSON, and MacLAUGHLIN, JJ., and considered and decided by the court en banc.

MacLAUGHLIN, Justice.

Plaintiff, ICC Leasing Corporation (ICC), brought this action against defendant Midwestern Machinery Company (Midwestern) pursuant to Midwestern's written agreements to purchase certain equipment leased by ICC to Northland Automatic Products, Inc. (Northland) upon Northland's default. ICC also brought suit against defendant Thomas L. MacKrell, Northland's president, upon his personal guarantees of the leases, but prior to trial ICC settled with...

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