(Download) "William D. Cady and Beatrice N. Cady v. E." by Supreme Court of Idaho No. 12871 * Book PDF Kindle ePub Free
eBook details
- Title: William D. Cady and Beatrice N. Cady v. E.
- Author : Supreme Court of Idaho No. 12871
- Release Date : January 19, 1981
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 63 KB
Description
This was originally an action by Consolidated American Securities Holding, Inc. (CASH) and Water Refining Company, Inc. against defendants and cross-claimants Cadys and against defendants and cross-claimants Pitts and Scheu. The original litigation grew out of the sale of the Cadys' water conditioning business to Pitts and Scheu, and, among other relief, CASH sought and obtained injunctive relief preventing the conduct of that business by Pitts and Scheu. After the original complaints were dismissed prior to trial, the trial court heard the cross-claim of the Cadys against Pitts and Scheu and the cross-claim of Pitts and Scheu against the Cadys. The Cadys for some years had conducted a water conditioning business, which included the sale, lease and service of water conditioners and the sale of supplies for water conditioners. During the conduct of the Cadys' business, they had entered into contracts with Servisoft, a division of Water Treatment Corporation, and with CASH, a subsidiary of Water Refining Company, Inc. Although not totally clear, it appears that such contracts constituted a financing scheme wherein the Cadys would acquire water softening units from Water Refining Company, the Cadys would lease those units to individual customers and assign those leases to CASH. CASH would collect the rentals from the individual customers and apply at least a portion thereof to the Cadys' obligation to Water Refining Company.