Solomon's Marina, Inc. v. Rogers

A vendor of a boat to a corporate vendee, of which he was a major stockholder, director and officer, repossessed it and successfully defended a replevin action on the ground that passage of title was conditioned on payment of the purchase price. The corporate vendee appealed.

Rogers, the appellee, and Jefferson and Lutes were the stockholders, officers and directors of Titanium Ores Corporation, chartered in 1953. In 1954 the corporation needed a boat to survey for ore in the Chesapeake Bay. It purchased a hull from Rogers, who among other related activities carried on a boatyard and marina.…