PSFS 3 Corporation
v.
Seidman
Defendants appeal from judgments entered against them in plaintiff’s actions to enforce commercial equipment financing agreements. Defendants contend the district court erred: (1) in finding it had personal jurisdiction over defendants; (2) in finding the financing agreements were not credit agreements as defined in Iowa Code section 535.17, and the original principal amount of the credit agreement and rate of interest were not material terms under that statute; (3) by entering final judgments without permitting defendants to present a defense, in violation of their federal and state rights to due process; (4) in finding plaintiff was entitled to attorney fees; (5) in finding plaintiff had proven a breach of contract; and (6) in failing to find the default interest damage provision of the financing agreement is unconscionable under Iowa Code section 554.13108.
Appellee
PSFS 3 Corporation
Appellant
Seidman
Attorneys for the Appellee
Benjamin P. Roach
Randall D. Armentrout
Attorneys for the Appellant
Ronald P. Gossett
Billy J. Mallory
David H. Charlip
Matthew L. Preston
Brad J. Brady
Cara L. Roberts
Supreme Court
Oral Argument Schedule
15-15-5
Jan 20, 2021 9:00 AM
