Maryland National Bank v. Traenkle

OPINION

Robert H. Traenkle and Christine D. Traenkle (the Traenkles) appeal the district court’s judgment awarding Maryland National Bank (MNB) $772,049.68 on MNB’s suit to recover amounts owed to it by the Traenkles on a loan and denying the Traenkles’ counterclaims. Finding no reversible error, we affirm.

I

In August 1989, MNB loaned $850,000 to the Traenkles for the purchase of a fifty-eight foot yacht known as the Honey Bear. In consideration for the credit extended by MNB, the Traenkles executed and delivered a Marine Promissory Note (the note), a Marine Security Agreement (security…