The plaintiff company, RAH Transport Inc., controlled by Richard A. Hudson, entered into contracts with Pride Truck Sales Ltd. to purchase two trucks, financed by TPine Leasing Capital Corporation.
Hudson provided personal guarantees for the leases.
The plaintiffs sought rescission of the contracts and damages, alleging breaches by the defendants, including claims of fraudulent documents and vehicle deficiencies.
The defendants, particularly TPine, counterclaimed for losses incurred from the repossession and sale of the trucks after the plaintiffs ceased making lease payments.
The court dismissed all of the plaintiffs' claims, finding no fundamental breach of contract or grounds for rescission.
The court allowed TPine's counterclaim, holding RAH Transport Inc. and Richard Anthony Hudson jointly and severally liable for damages resulting from their breach of the lease agreements.