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EQUICO LESSORS, INC. v. MINES

Docket No. 41707.

84 Cal.App.3d 374 (1978)

148 Cal. Rptr. 554

EQUICO LESSORS, INC., Plaintiff, Cross-defendant and Respondent, v. ROBERT E. MINES et al., Defendants, Cross-complainants and Appellants.

Court of Appeals of California, First District, Division Three.

August 30, 1978.

Attorney(s) appearing for the Case

COUNSEL

E.A. Dawley for Defendants, Cross-complainants and Appellants.

Dinkelspiel & Dinkelspiel, John F. Taylor and Barry A. Dubin for Plaintiff, Cross-defendant and Respondent.

OPINION

HALVONIK, J.

Appellants Robert Mines and William Jenkins are medical doctors who signed leases for oil well drilling equipment with International Medical Leasing, Inc. (IML). Appellants entered the agreement for the purpose of obtaining a tax shelter. They paid rent on the leases until their tax deductions were disallowed, then they stopped. Respondent Equico Lessors, Inc., assignees of IML, brought this action to recover...

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