SECI, INC. v. CHAFITZ, INC.

No. 1520, September Term, 1984.

63 Md. App. 719 (1985)

493 A.2d 1100

SECI, INC. v. CHAFITZ, INC., ET AL.

Court of Special Appeals of Maryland.

June 14, 1985.


Attorney(s) appearing for the Case

L. Marc Zell, Bethesda, (Jerry R. Goldstein and Topf, Zell, Kolodny & Goldstein, Bethesda, on brief), for appellant.

Herbert D. Morrison, Frederick, for appellees.

Argued before WILNER, BLOOM and KARWACKI, JJ.


WILNER, Judge.

Following extensive negotiations and two preliminary agreements, appellant SECI, Inc. (SECI), on May 10, 1983, entered into an agreement with Chafitz, Inc. and its two stockholders, Steven and Arleen Chafitz, to purchase the business assets of Chafitz, Inc.

The agreement was a comprehensive one. It provided for the sale and the amount and method of payment of the purchase price; it also contained a number of representations on the part of Chafitz...

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