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GOODTIMES, INC. v. IFG LEASING CO.

No. 17843.

788 P.2d 853 (1990)

117 Idaho 452

GOODTIMES, INC., a corporation; James T. Goddard, as corporation officer and individually, Plaintiffs-Counterdefendants-Appellants, and Louis Erck, as corporate officer and individually, Plaintiff-Counter-Defendant, v. IFG LEASING CO., a corporation, Defendant-Counterclaimant-Respondent, v. MISSIONARY BROADCASTERS, INC., a forfeited Montana Corporation through its statutory trustees, Louis Erck, James T. Goddard, and Ruby J. Erck, Third-Party Defendants.

Court of Appeals of Idaho.

As Amended March 13, 1990.

Attorney(s) appearing for the Case

Lyle D. Eliasen, American Falls, for appellants.

Petersen, Moss, Olsen, Meacham & Carr, Idaho Falls, for respondent. Stephen D. Hall, argued.

WESTON, J., Pro Tem.

Goodtimes, Inc., appeals from a summary judgment dismissing its complaint for rescission or reformation of lease agreements. The dispositive issues are (1) fraud, (2) the applicability of Idaho's usury statute to the lease agreements, and (3) whether the entry of a default judgment on a counterclaim was proper. For reasons explained below, we affirm.

We begin with a brief explanation of the events leading to this appeal. Goodtimes, Inc...

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