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INDUSTRY FINANCIAL CORP. v. REDMAN

Civ. No. 11067.

383 N.W.2d 847 (1986)

INDUSTRY FINANCIAL CORPORATION, Plaintiff and Appellant, v. David H. REDMAN and Esther Redman, Defendants and Appellees.

Supreme Court of North Dakota.

March 19, 1986.

Attorney(s) appearing for the Case

Kapsner & Smith, Bismarck, for plaintiff and appellant; argued by Sheldon A. Smith.

Rosenberg & Baird, Bismarck, for defendants and appellees; argued by Max D. Rosenberg.

LEVINE, Justice.

Industry Financial Corporation (IFC) appeals from summary judgment in its favor for $20,424.31. At issue is the trial court's interpretation of two leases. We affirm.

In 1980 David H. Redman and Esther Redman agreed to rent a combine and tractor from Quincy Midwest Leasing, Inc., and executed two five-year leases. Quincy subsequently assigned the leases to IFC. In 1983 the Redmans defaulted on their rental payments. Pursuant to an agreement...

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