Blackfoot City Bank v. Clements

On July 15, 1920, Joseph G. Scott and A. E. Fridenstine, copartners engaged in the sheep business, were the owners and in possession of a band of sheep. On this day they made, executed and delivered to respondent their chattel mortgage covering certain of the sheep owned by them to secure the payment of a promissory note of even date for $14,800 due on demand, which was executed and delivered by them to respondent. This chattel mortgage was duly recorded in Bingham county. At the time of the giving of this note and mortgage the remainder of the sheep were mortgaged to Hatcher & Snyder to…