FINDINGS OF FACT AND RULINGS OF LAW AFTER A TRIAL WITHOUT JURY
STEARNS, District Judge.
Based on the credible testimony and the exhibits offered at trial, as well as the stipulations of the parties, I find the following facts.
The Parties
1. On November 3, 2005, plaintiff Scott Spottiswoode was the record owner of a 32', 250 horse power sport fishing boat named MAXIMUS. Spottiswoode purchased MAXIMUS for $65,100 in January...
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