Nos. 82-3166, 82-3206.

727 F.2d 1405 (1984)

CENTRAL STATES STAMPING COMPANY, Plaintiff-Appellee, Cross-Appellant, v. TERMINAL EQUIPMENT COMPANY, INC., et al., Defendants, and Lake County National Bank, Now known as Bank One of Northeast Ohio, N.A., Defendant-Appellant, Cross-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided February 21, 1984.

Attorney(s) appearing for the Case

Harry T. Quick, argued, Cleveland, Ohio, Joseph J. Magri, Painsville, Ohio, for defendant-appellant, cross-appellee.

Jeffrey Embleton, argued, Mansour, Gavin, Gerlack & Manos, Cleveland, Ohio, for plaintiff-appellee, cross-appellant.

Before LIVELY, Chief Judge, JONES, Circuit Judge, and BROWN, Senior Circuit Judge.

LIVELY, Chief Judge.

This appeal and cross-appeal are from the judgment in a diversity action which was a companion case to Melamed v. Lake County National Bank, 727 F.2d 1399 (6th Cir.), decided this date.


The appellee Central States Stamping Company (Central States) contracted to purchase a "slitting line" — a machine which takes a wide coil of steel as it comes from a steel mill and cuts it to...

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