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TILGHMAN HARDWARE, INC. v. LARRIMORE

No. 109, September Term, 1992.

331 Md. 390 (1993)

628 A.2d 215

TILGHMAN HARDWARE, INC. v. DARRYL LARRIMORE.

Court of Appeals of Maryland.

July 29, 1993.

Attorney(s) appearing for the Case

Wayne T. Kosmerl (Council, Baradel, Kosmerl & Nolan, P.A., on brief), Annapolis, for petitioner.

Richard S. Phillips (Walsh & Phillips, P.A., on brief) Easton, for respondent.

Argued before MURPHY, C.J., and ELDRIDGE, RODOWSKY, McAULIFFE, CHASANOW, KARWACKI, and ROBERT M. BELL, JJ.

RODOWSKY, Judge.

This case involves the credit sale of a Chesapeake Bay skipjack, the Nellie L. Byrd.1 The sole issue is whether the deferred portion of the purchase price was secured by a security interest in the vessel, or whether the transaction was an unsecured sale on credit.

On March 10, 1989, petitioner, Tilghman Hardware, Inc. (Tilghman), agreed to purchase the Nellie L. Byrd from respondent, Darryl Larrimore...

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