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IN RE SUN RUNNER MARINE, INC.

BAP No. EW-89-1623 VAsR, Bankruptcy No. 89-01425-K11.

116 B.R. 712 (1990)

In re SUN RUNNER MARINE, INC., Debtor. CITIBANK, N.A., Appellant, v. TRANSAMERICA COMMERCIAL FINANCE CORPORATION, et al., Appellees.

United States Bankruptcy Appellate Panel of the Ninth Circuit.

Decided August 10, 1990.

Attorney(s) appearing for the Case

Frank T. Pepler, San Francisco, Cal., for appellant, Citibank, N.A.

Nancy L. Isserlis-Spokane, Wash., for appellee Sun Runner Marine.

Scott R. Smith-Spokane, Wash., for appellee Transamerica Commercial Finance Corp.

Before VOLINN, ASHLAND, and RUSSELL, Bankruptcy Judges.

VOLINN, Bankruptcy Judge:

OVERVIEW

This appeal concerns a "Manufacturer's Financing Agreement" ("the Agreement") between the debtor and Transamerica Commercial Finance Corporation ("Transamerica").1 The Agreement was part of a pre-petition "floor financing" plan under which Transamerica financed certain of the debtor's customers' boat purchases from the debtor. The bankruptcy court granted...

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