The plaintiff brought a motion for summary judgment against the corporate defendant for amounts owing under commercial equipment leases and against the remaining defendants under unconditional guarantees.
The defendants argued there was no valid assignment of the leases, raised credibility issues, and claimed the plaintiff fundamentally breached the leases by providing defective equipment, thereby invalidating the exclusion clauses.
Applying the Tercon framework, the court enforced the exclusion clauses and found no genuine issue requiring a trial.
Summary judgment was granted for over $2.2 million against the corporate defendant and $500,000 against the guarantors, but execution was stayed pending the resolution of the defendants' counterclaim.