Moorestown, NJ (PRWEB) May 23, 2008
Over the past few years, Barron, Baker & Posternock, LLP has been involved in matters involving copier and office equipment leases made by Canon Financial Services, Inc., the leasing and financing affiliate of Canon U.S.A., Inc. Canon Financial is located in nearby Mt. Laurel, New Jersey and it routinely files its collection actions in the Superior Courts in Burlington and Camden counties, New Jersey.
An issue that we have seen in these business lawsuits is the validity of leases that list ordinary company employees as guarantors to the primary lease obligation. While it is common practice to have the principals of small businesses guarantee financial obligations such as equipment leases, the practice of having lower level employees as guarantors is quite questionable. In some instances, the manner in which the guarantee was obtained may void the guarantee.
If you have any information regarding Canon Financial Services, Inc.'s practices and procedures in obtaining guarantees from employees of small businesses leasing Canon copiers and office equipment, please contact Thomas M. Barron, Esquire at Barron, Baker & Posternock, LLP, 400 N. Church Street, Suite 250, Moorestown, New Jersey 08057.
Barron, Baker & Posternock, LLP is a law firm that represents businesses and individuals in contract, business litigation and commercial litigation disputes in New Jersey, Philadelphia and Eastern Pennsylvania.