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OGDEN EQUIP. CO. v. TALMADGE FARMS

53453.

141 Ga. App. 813 (1977)

234 S.E.2d 367

OGDEN EQUIPMENT COMPANY v. TALMADGE FARMS, INC.

Court of Appeals of Georgia.

Decided March 14, 1977.

Rehearing Denied March 31, 1977.

Attorney(s) appearing for the Case

Scheer & Elsner, Robert A. Elsner, Michael Weinstock, for appellant.

Swift, Currie, McGhee & Hiers, Samuel P. Pierce, Jr., Warner S. Currie, for appellee.

McMURRAY, Judge.

This case involves a lease-purchase agreement between Talmadge Farms, Inc., as lessee, and Ogden Equipment Co., as lessor, with reference to the lease of a forklift with an option to purchase for the sum of $1 after 36 monthly payments. The lease was assigned by Ogden Equipment Co. to General Electric Credit Corporation of Georgia. Under the terms of the lease the assignee, in the event the lease was assigned, would be free of any counterclaims and...

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