Legal Opinion
Seci, Inc. v. Chafitz, Inc.
Court of Special Appeals of Maryland
Decided June 14, 1985No. 1520, September Term, 1984PublishedCited by 8 opinions
1Opinion of the Court
WILNER, Judge.
Following extensive negotiations and two preliminary agreements, appellant SECI, Inc. (SECI), on May 10, 1983, entered into an agreement with Chafitz, Inc. and its two stockholders, Steven and Arleen Chafitz, to purchase the business assets of Chafitz, Inc.
The agreement was a comprehensive one. It provided for the sale and the amount and method of payment of the purchase price; it also contained a number of representations on the part of Chafitz, Inc. and its two stockholders regarding the company and its financial condition. Section 4 acknowledged the importance to SECI of…
2Cases cited11 opinions
- Griffith v. ScheungrabCourt of Appeals of Maryland · 1985
- Lissau v. SmithCourt of Appeals of Maryland · 1958
- Frederick County Nat. Bank v. ShaferCourt of Appeals of Maryland · 1898
- Smith v. MyersCourt of Appeals of Maryland · 1917
- Uhl v. DillonCourt of Appeals of Maryland · 1857
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3Cited by8 opinions
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- B & P ENTERPRISES v. Overland Equipment Co.Court of Special Appeals of Maryland · 2000
- Scott v. Seek Lane Venture, Inc.Court of Special Appeals of Maryland · 1992
- Holiday Universal Club of Rockville, Inc. v. Montgomery CountyCourt of Special Appeals of Maryland · 1986
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