North Alabama Marine, Inc. v. Sea Ray Boats, Inc.

Sea Ray Boats, Inc. ("Sea Ray"), brought this action, seeking recovery against North Alabama Marine, Inc. ("NAMI"), and Daniel E. Boone for default under a security agreement between NAMI and Sea Ray Boats' assignor, Sea Ray Credit Corporation ("SRCC"), and a personal guaranty of the agreement by Boone. NAMI counterclaimed against Sea Ray, alleging tort and contract claims. The trial court directed a verdict for Sea Ray on Sea Ray's claims for breach of the financing agreement and the personal guaranty of $60,712.00, plus interest, and against NAMI on all its counterclaims except those…