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CHEM. BANK v. QUEEN WIRE & NAIL, INC.

75 A.D.2d 999 (1980)

Chemical Bank, Appellant, v. Queen Wire & Nail, Incorporated, Also Known as Queen Wire and Nail, Inc., et al., Respondents, et al., Defendant

Appellate Division of the Supreme Court of the State of New York, Fourth Department.

May 23, 1980

Order unanimously reversed, with costs, motion granted and matter remitted to Supreme Court, Erie County, in accordance with the following memorandum: Defendant Queen Wire & Nail, Inc., entered into a lease agreement with Chemlease, Inc., on November 11, 1977 whereby it agreed to lease two heavy pieces of machinery used in its business of manufacturing wire products. The term of the lease was 60 months and called for a monthly rental payment of $1,372.24. Defendant Louis...

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