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CHEMLEASE WORLDWIDE INC. v. BRACE, INC.

No. C9-82-1457.

338 N.W.2d 428 (1983)

CHEMLEASE WORLDWIDE INC., Respondent, v. BRACE, INC., et al., Appellants.

Supreme Court of Minnesota.

September 23, 1983.

Attorney(s) appearing for the Case

William C. Mortensen Law Offices, Minneapolis, for appellants.

Robert A. Judd, Minneapolis, for respondent.

Considered and decided by the court en banc without oral argument.

KELLEY, Justice.

Respondent Chemlease Worldwide, Inc. (Chemlease), the lessor of personal property, sought a deficiency judgment against the lessee (Brace, Inc.) and two personal guarantors of the lessee's lease obligations (Charles and Clayton Brace) for the difference between the unpaid amount due it under the lease and the amount received following a repossession sale. Following trial, the court directed a verdict for the lessor. Subsequently, judgment was entered...

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