Semco Division, Delwood Furniture Co. v. Williams

OPINION AND ORDER

ALLGOOD, Senior District Judge.

In August 1974, Robert A. Metzler, Sr. was engaged in the operation of a manufacturing wholesale chrome and glass furniture business under the trade name of Birmingham Occasional Furniture Company. He had been purchasing chrome plated tubular products from the Semco Division, Delwood Furniture Company, Inc., prior to February 1974, and had become in arrears with his account to the point that Semco refused further credit unless he gave security. A written Security Agreement was entered into between the parties under the date of August 29, 1974,…