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JONES v. ONE FIFTY FOOT GULFSTAR, ETC.

No. 78-2730.

625 F.2d 44 (1980)

J. K. JONES and Lois R. Jones, Plaintiffs-Appellants, v. ONE FIFTY FOOT GULFSTAR MOTOR SAILING YACHT, HULL NO. 01, her tackle, apparel and furniture, etc., in rem, and General Electric Credit Corporation, in personam, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

August 28, 1980.

Attorney(s) appearing for the Case

David F. Pope, Tampa, Fla., for plaintiffs-appellants.

Reginald M. Hayden, Jr., Miami, Fla., for defendants-appellees.

Before COLEMAN, Chief Judge, and RONEY and GARZA, Circuit Judges.

GARZA, Circuit Judge:

This is an appeal, in admiralty, on petitory, possessory and tortious claims from granting of summary judgment adverse to the purchasers of a sailing yacht, in favor of a secured party. They say that the two happiest days of a yacht owner's life are the day he buys it and the day he sells it.1 Perhaps this case will carve an exception to that rule for we reverse the judgment of the District Court.

FACTS<...

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