Harold Vineberg and Peter Demet v. Brunswick Corporation

SIMPSON, Circuit Judge:

On April 11, 1961, Brunswick, the Plaintiff below, and Sky Bowl, Inc., a Florida corporation, entered into a conditional sales contract whereby Brunswick would sell to Sky Bowl, Inc., thirty-two Brunswick automatic pinsetters. Harold Vineberg and Peter DeMet, defendants below, were directors of Sky Bowl, Inc. Subsequently, Brunswick entered into a similar contract with Congress Lanes, Inc., a Florida corporation, of which Vineberg and DeMet were also directors.

On August 26, 1963, Vineberg and DeMet executed two promissory notes in favor of Brunswick, the terms of which…