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Commercial Law Keyed to Whaley
Sacramento E.D.M., Inc., v. Hynes Aviation Industries
Citation:
2017 WL 1383289Facts
EDM entered agreements to lease equipment from Defendants, a substantial portion of which was equipment it had previously owned outright prior to a sale. The lease agreements provided an option for EDM to purchase the equipment but it could only apply 50% of its lease payments towards the purchase price. The leases also added 30% interest to each monthly payment.
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