http://www.avvo.com/legal-answers-search/equipment-finance-leasing.html Avvo.com - Equipment Finance Questions http://www.avvo.com/legal-answers/cancellation-of-equipment-leasing-agreement-165656.html I (Lessee) signed an equipment lease with a company (Lessor) with corporate headquarters out of state. The contract was sent and signed here in the state of Oregon and sent to one of their offices in California. The supplier which did not sign any paperwork notified the Lessor during the process that the Equipment was no longer available to finance. Would this automatically cancel the lease since there is no Equipment to finance and no alternative was available to sell by Seller? The Lessor is refusing to return my security deposit and I want to take them to small claims court. Is there anyone that can help me to review this contract? I can email it if needed. Your help is very much appreciated!! Thu, 19 Nov 2009 15:17:13 PST http://www.avvo.com/legal-answers/does-previous-owner-if-he-financed-your-business-h-143305.html I have a small business which is Inc. and was sold to me by a previous owner which he financed and now the loan is about 90% paid for and struggling with the economy as it is. There is no Real Estate involved but he has a UCC1 on the assets of the business and equipment and so forth and it is in a leased building, If I give up the business and return it to the original owner does he have to except the business back or can he refuse it. Thu, 08 Oct 2009 16:40:36 PDT http://www.avvo.com/legal-answers/i-am-principle-of-2-businesses--1-s-corp--and-1-ll-50818.html I have personally guaranteed equipement finance leases for the LLC which is going under water fast. My S-corp business is doing well and do not want to have it affected by this LLC that is going under. What do I do Tue, 10 Mar 2009 09:01:03 PDT http://www.avvo.com/legal-answers/equipment-finance-leasing-21190.html My husband and I bought a company about 1 and a half ago. The owner never signed over the leases on some printing equipment to us. Even though it was written into our contract that we should be assigned the lease and the contract was sent to our seller. He never executed the contract and so the lease remains in his name. Question: Are we required to keep paying on this lease?-(it is for equipment we do not want and is a financial drain on us) The seller has recently passed away. Tue, 18 Nov 2008 00:02:10 PST http://www.avvo.com/legal-answers/equipment-lease--capital-lease-2809.html I owe a business and leased equipment. The equipment had problems and company wants me to pay yearly maintenace fee, which I refused to pay,equipment is down and I have to send work out. The company that I got the lease thru has not been responding and I feel that I have been cheated. What I want to do is terminate this lease and return the equioment. It is a 5 yr lease and I have paid monthly lease for one and half year. I just want to get out of lease now and be done with it. They never told me how much was equipment worht, only monthly lease payment. When I signed the lease I asked if it required personal guarantte and was told no. Now i found out that I am personally liable. I have subchapter S corp. Mon, 21 Apr 2008 16:46:20 PDT