REVELLE, J.
In 1980, Margaret and Ken Miller (Miller) sold a business to Robert and Patricia Hemenway (Hemenway) for $113,000. Hemenway made a $20,000 down payment and executed a $93,000 promissory note for the balance, to be paid in annual installments of $13,000. Miller took a security interest in the inventory, equipment and goodwill of the business.
Miller filed a U.C.C. financing statement, a copy of which bears the date...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
