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H.R.M., INC. v. S/V VENTURE VII

C.A. No. 96-205B.

972 F.Supp. 92 (1997)

H.R.M., INC., Plaintiff, v. S/V VENTURE VII, George Ford, and American Eagle Ins. Co., Defendants/Third-Party Plaintiffs, v. New York Yacht Club and Dunbar Yachts, Inc., Third-Party Defendants.

United States District Court, D. Rhode Island.

July 10, 1997.

Attorney(s) appearing for the Case

Daniel P. McKiernan, Hanson, Curran, Parks & Whitman, Providence, RI, for Plaintiff.

Frederick A. Lovejoy, Providence, RI, for Defendants.

Seth S. Holbrook, Holbrook & Murphy, Boston, MA, Richard S. Humphrey, Tiverton, RI, for Third-Party Defendants.

OPINION

FRANCIS J. BOYLE, Senior District Judge.

Defendant and third-party plaintiff George Ford, ("Ford") purchased a 53-foot Mason cutter-style sailing vessel in Maine in 1995. He named this vessel the Venture VII. Before he purchased the Venture VII, Ford had a marine surveyor, Clyde Eaton, appraise the vessel. Eaton opined that the value of the vessel was then $495,000. Ford purchased the Venture VII for an amount not in evidence, but alleged...

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