PHILADELPHIA – A Pennsylvania-based equipment leasing company believes a dental practice in Texas has committed default on two agreements the parties entered into in 2013.
Beneficial Equipment Finance Corp. of Chester Springs filed suit in the Philadelphia County Court of Common Pleas on Aug. 21 versus Natalie Stimpson P.C. (doing business “The Dental Bar”) of Mesquite, Texas and Natalie Stimpson herself, of Cedar Hill, Texas.
On or about Dec. 27, 2013, the defendants entered into various lease agreements in the amounts of $12,293.40 and $67,993.80 with Conestoga Equipment Finance Corp. Plaintiff Beneficial Equipment Finance Corp. acquired Conestoga Equipment Finance Corp. and Beneficial EFC acquired all rights, title and interest in defendant’s obligations, and is the rightful party to bring suit in this action.
Per the first agreement, the defendant received a lease in the amount of $12,293.40 and agreed to make three monthly payments of $99 and 60 monthly payments of $199.44, until the entire lease balance was repaid. For the second agreement, the defendant received a lease in the amount of $67,993.80 and agreed to make three monthly payments of $99 and 60 monthly payments of $1,128.28, until the entire lease balance was repaid.
The litigation alleges the defendant made monthly payments on both leases until Oct. 25, 2015, but have failed to make any further payments thereafter, thus being in default of both agreements – despite repeated demands on the part of the plaintiff to satisfy the agreements, and collect an unpaid balance of $40,197.79.
Besides the balance, the agreements stated the defendants were liable for any attorney’s fees accrued in the event of default, which in this case, are $10,049.45. In total, the defendants allegedly owe $50,247.24
For counts of breach of contract and unjust enrichment, the plaintiff is seeking damages of $50,247.24, plus any additional interest, late charges, costs and attorney’s fees that may accrue and such other and further relief as the Court may deem equitable and just.
The plaintiff is represented by Robert L. Saldutti of Saldutti Law Group, in Philadelphia.
Philadelphia County Court of Common Pleas case 170801813
From the Pennsylvania Record: Reach Courts Reporter Nicholas Malfitano at firstname.lastname@example.org