Www.accfl.com

Gibraltar Financial Corp. v. Prestige Equipment Corp., 925 N.E.2d 751 (Ind. Ct. App. 2010), transfer granted by 940 N.E.2d 828 (Ind. 2010) – A six-year lease of equipment with a useful life of 15-20 years was a true lease despite lessee’s option at end of the fifth year to purchase the equipment for $78,500, and thereby save $43,100 in ... ................
................