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COASTAL LEASING CORP. v. T-BAR S CORP.

No. COA97-382.

496 S.E.2d 795 (1998)

COASTAL LEASING CORPORATION, Plaintiff, v. T-BAR S CORPORATION d/b/a Western Sizzling and George Terrance Talbott and Sharon T. Talbott, Defendants.

Court of Appeals of North Carolina.

January 20, 1998.

Attorney(s) appearing for the Case

Smith Debnam Hibbert, L.L.P. by Caren D. Enloe, Raleigh, for plaintiff-appellee.

Higgins, Frankstone, Graves & Morris, P.A. by David J. Hart, Cary, for defendants-appellants.

WALKER, Judge.

Plaintiff entered into a lease agreement (lease) with defendant T-Bar S Corporation (T-Bar) in May of 1992, whereby plaintiff agreed to lease certain cash register equipment (equipment) to T-Bar. Under the lease, T-Bar agreed to monthly rental payments of $289.13 each for a total of 48 months. Defendants George and Sharon Talbott (appellants) were the officers of T-Bar and personally guaranteed payment of all amounts due under the lease.

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