Wells Fargo Financial Leasing, Inc. v. Mountain Rentals of Gatlinburg, Inc.

Wells Fargo Financial Leasing, Inc., brought this action against Mountain Rentals of Gatlinburg, Inc., to collect rent under an equipment lease. The trial court granted summary judgment to Wells Fargo, and Mountain Rentals appealed. After careful review, we hold that the rental agreement is an enforceable finance lease and that Mountain Rentals’s obligation to pay rent was irrevocable and independent. The judgment of the trial court is affirmed.