Gordon Investments, Inc. v. Gillingham (In Re Gillingham)

MEMORANDUM OPINION

BLOCH, District Judge.

Presently before the Court is an appeal from a bankruptcy order filed by appellant, Gordon Investments, Inc., doing business as Orr’s Jewelers (Gordon).

The instant appeal stems from a series of sales that occurred between Gordon and debtors Thomas and Joann Gillingham. On November 19, 1988, debtors purchased from Gordon a woman’s Rolex watch for $23,500. Later in the day, debtors gave Gordon Joann Gillingham’s old Rolex watch for Gordon to sell on consignment. Gordon eventually did so, for a selling price of $7,500. On December 1, 1988, debtor Thomas…