McINTURFF, J.
Hesco Construction, Inc., and Harold and Janet Schimmels appeal from a judgment in favor of Northwest Acceptance Corporation in an action to recover liquidated damages under a defaulted equipment lease.
In February 1974, Hesco Construction, Inc. (Hesco) leased a hydraulic backhoe from Andrews Equipment Service, Inc. (Andrews) for 4 years with an option to purchase the equipment at the expiration of the lease. The lease was signed for Hesco by...
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