GROWTH LEASING, LTD. v. GULFVIEW ADVERTISER, INC.

No. 83-1618.

448 So.2d 1224 (1984)

GROWTH LEASING, LTD., a Limited Partnership, Appellant, v. GULFVIEW ADVERTISER, INC., a Corporation Organized under the Laws of the State of Florida, Thomas J. Smith and C. Arthur Beavor, Appellees.

District Court of Appeal of Florida, Second District.

April 25, 1984.


Attorney(s) appearing for the Case

David A. Townsend of Sessums & McCall, Tampa, for appellant.

Verne L. Freeland, Miami, for appellees.


DANAHY, Judge.

In a situation apparently not previously addressed by a Florida court, we hold that the trial judge erred in concluding that a lease agreement between the appellant and the appellees was in reality a financing arrangement which constituted a usurious loan transaction.

The appellees believed they needed a certain computer for purposes of their business and selected one at Addressing Systems, Inc. (the supplier). The supplier determined that it...

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