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FIRST FED. FINAN. SER. v. DERRINGTON'S CHEVRON

No. 98-2763.

230 Wis.2d 553 (1999)

602 N.W.2d 144

FIRST FEDERAL FINANCIAL SERVICE, INC., a Wisconsin corporation, Plaintiff-Appellant, v. DERRINGTON'S CHEVRON, INC., a/k/a Derrington's Chevron Station, Inc., and James Derrington, jointly and severally, Defendants-Respondents.

Court of Appeals of Wisconsin.

Decided September 22, 1999.

Attorney(s) appearing for the Case

On behalf of the plaintiff-appellant, the cause was submitted on the briefs of Jonathan H. Dudley of Howard, Solochek & Weber, S.C. of Milwaukee.

On behalf of the defendants-respondents, the cause was submitted on the brief of Kim M. Peterson of Milwaukee.

Before Brown, P.J., Anderson and Snyder, JJ.

BROWN, P.J.

This is an unconscionability case that arises out of a finance lease. A finance lease is a three-party transaction involving a supplier, a finance lessor and a finance lessee. See U.C.C. § 2A-103(g), official cmt. The finance lessor's role in the transaction is limited to providing the funds for the transaction, not the goods. See id. Such arrangements, far from being unlawful, are beneficial to commerce as they facilitate the purchase...

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