Whitney-Fidalgo Seafoods, Inc. v. Miss Tammy

ORDER DENYING DEFENDANTS MOTIONS

BEEKS, District Judge.

BACKGROUND

In April of 1979, having done business regularly with plaintiff in the past, defendants sought and received from plaintiff approximately one hundred seventy-five thousand dollars ($175,000) for which they executed a demand promissory note in that amount. The money was used to purchase the MISS TAMMY. In accord with its customary practice, plaintiff subsequently established an open account for the MISS TAMMY and entered the charges representing the cash advance for vessel purchase among the first entries recorded in the account.…