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TRIAD LEASING & FIN. v. ROCKY MT. ROGUES

No. 35659.

224 P.3d 1092 (2009)

TRIAD LEASING & FINANCIAL, INC., Plaintiff-Counterdefendant-Respondent, v. ROCKY MOUNTAIN ROGUES, INC., a Wyoming Corporation; James Blittersdorf, an individual; and Glenna Blittersdorf-Christofferson, an individual, Defendants-Counterclaimants-Third Party Plaintiffs-Appellants. v. G. Alan McRae, personally d/b/a Lund Machinery, and Lund Machinery, an administratively dissolved Idaho and Utah Corporation, Third Party Defendants-Respondents.

Supreme Court of Idaho, Boise, December 2009 Term.

Rehearing Denied February 23, 2010.

Attorney(s) appearing for the Case

Swafford Law Office Chtd., Idaho Falls, for appellants. Ronald L. Swafford argued.

Ringert Clark, Chtd., Boise, for respondent Triad Leasing & Financial. S. Bryce Farris argued.

Beard St. Clair Gaffney, PA, Idaho Falls, for respondent Lund. Lance J. Schuster argued.

EISMANN, Chief Justice.

In this case, an equipment owner had been leasing construction equipment to one of its customers. At the suggestion of the equipment owner, the customer agreed to enter into a lease-purchase agreement if the equipment owner could find an entity that would finance the transaction. The equipment owner contacted a leasing broker, who contacted a financing entity that agreed to purchase the equipment and lease it to the customer under a lease-purchase...

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