Opinion ID: 1118951
Heading Depth: 1
Heading Rank: 2

Heading: risk of loss

Text: Appellant's contention that it should not be liable for the value of the computer equipment lost in shipment to appellees would be far more persuasive had the court found that the equipment lease had been terminated and that Mr. Baeder agreed to accept delivery at appellant's office. The provision of the lease dealing with risk of loss of the leased equipment reads as follows: RISK OF LOSS OR DAMAGE: LESSEE HEREBY ASSUMES ALL RISK OF LOSS AND DAMAGE TO THE EQUIPMENT FROM ANY CAUSE AND AGREES TO RETURN IT TO LESSOR IN AS GOOD CONDITION AS WHEN RECEIVED, NORMAL WEAR AND TEAR EXCEPTED. NO LOSS OF, OR DAMAGE TO, THE EQUIPMENT SHALL IMPAIR ANY OBLIGATION OF LESSEE UNDER THIS LEASE AND ALL SUCH OBLIGATIONS SHALL CONTINUE IN FULL FORCE AND EFFECT UNTIL OTHERWISE DISCHARGED. This lease provision clearly places the risk of loss on appellant, and the trial court did not err by entering judgment against appellant for the value of the equipment lost in shipment.