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TINDELL v. APPLE LINES, INC.

No. 90-1743.

478 N.W.2d 428 (1991)

Joseph TINDELL, Appellee, v. APPLE LINES, INC., Appellant.

Court of Appeals of Iowa.

October 29, 1991.

Attorney(s) appearing for the Case

Brian L. Wirt of Davis, Hockenberg, Wine, Brown, Koehn & Shors, P.C., Des Moines, and David Gienapp of Arneson, Issenhuth & Gienapp, Madison, S.D., for appellant.

Barbara A. Hering of Bradshaw, Fowler, Proctor & Fairgrave, Des Moines, for appellee.

Considered by OXBERGER, C.J., and SCHLEGEL and HAYDEN, JJ.

HAYDEN, Judge.

Apple Lines, Inc. (Apple) is a South Dakota trucking company. On March 27, 1987, Apple entered into an equipment lease agreement with Tindell. Tindell agreed to lease a truck owned by Apple with the option to buy the truck at the end of the lease. The equipment lease called for monthly payments of $681.81 of which $100 would be held in escrow to be credited against the buyout. The equipment lease also provided if Tindell failed to make two consecutive...

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