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A.L.C. FINANCIAL CORP. v. RAY

No. 87-1472.

437 N.W.2d 593 (1989)

A.L.C. FINANCIAL CORP., A Minnesota Corporation, Plaintiff-Appellee, v. William P. RAY, d/b/a Kustom Body Works Corp., Defendant-Appellant.

Court of Appeals of Iowa.

January 26, 1989.

Attorney(s) appearing for the Case

Garold F. Heslinga of Heslinga & Dixon, Oskaloosa, for defendant-appellant.

Michael P. Mallaney and Steven H. Shindler of Wimer, Hudson, Flynn & Neugent, Des Moines, for plaintiff-appellee.

Considered by OXBERGER, C.J., and DONIELSON and HABHAB, JJ.

HABHAB, Judge.

The defendant, William Ray, d/b/a Kustom Body Works Corporation1, appeals the district court's decision awarding the plaintiff, A.L.C. Financial Corporation, $41,514.802 plus interest for default on a lease. Mr. Ray acted as personal guarantor for Kustom Body Works. A.L.C. is assignee of the lease signed by Squareliner 360, Inc. and Kustom Body Works. It is asserted the trial court erred 1) in...

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