FUNDING SYSTEMS LEAS. CORP. v. KING LOUIE INTERN., INC.

No. KCD 28435.

597 S.W.2d 624 (1979)

FUNDING SYSTEMS LEASING CORPORATION, Respondent, v. KING LOUIE INTERNATIONAL, INC., et al., Appellant.

Missouri Court of Appeals, Western District.

June 11, 1979.


Attorney(s) appearing for the Case

Roger W. Penner, Howard D. Lay, Reeder, Griffin, Dysart, Taylor & Penner, P. C., Kansas City, for appellant.

Thomas A. Schwindt, Berman, DeLeve, Kuchan & Chapman, Alvin D. Shapiro, Samuel J. Goldberg, Stinson, Mag & Fizzell, Kansas City, for respondent.

Before SWOFFORD, C. J., and PRITCHARD, DIXON, SHANGLER, WASSERSTROM, SOMERVILLE and CLARK, JJ.


WASSERSTROM, Judge.

This multiparty litigation presents the question of responsibility of the financing party under a lease-purchase agreement for the malfunctioning of the covered equipment. The trial court held the financing party here free of any legal responsibility for the malfunctioning, and the lessee-purchaser appeals.

In early 1970, King Louie International Incorporated ("King Louie") was the owner of radio...

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