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CHASE MANHATTAN BANK v. LAKE TIRE CO., INC.

No. 3-1285A333.

496 N.E.2d 129 (1986)

The CHASE MANHATTAN BANK, Plaintiff-Appellant, v. LAKE TIRE COMPANY, Inc., Defendant-Appellee.

Court of Appeals of Indiana, Third District.

Rehearing Denied September 30, 1986.

Attorney(s) appearing for the Case

Douglas B. King, Katherine L. Shelby, Wooden, McLaughlin & Sterner, Indianapolis, for plaintiff-appellant.

Paul B. Huebner, Hammond, for defendant-appellee.

HOFFMAN, Judge.

In October 1975 appellee Lake Tire Company (Lake Tire) entered into a lease agreement with Scotti Commercial Company (Scotti) for the rental of a machine which was to bend pipe into mufflers which would fit different makes of vehicles. The lease contained the following clause:

"12. ASSIGNMENT. This lease, the equipment and any rental and other sums due or to become due hereunder, or any part of the foregoing, may be transferred or assigned...

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