Supreme Court of Minnesota September 23, 1983, C9-82-1457 (Chemlease Worldwide Inc. v. Brace, Inc.)

KELLEY, Justice.

Respondent Chemlease Worldwide, Inc. (Chemlease), the lessor of personal property, sought a deficiency judgment against the lessee (Brace, Inc.) and two personal guarantors of the lessee’s lease obligations (Charles and Clayton Brace) for the difference between the unpaid amount due it under the lease and the amount received following a repossession sale.