Holt v. Albert Pick & Co.

NORTHCOTT, Circuit Judge.

In March, 1925, one J. E. Somers, a resident of Salisbury, Rowan county, N. C., began negotiations with appellee, Albert Pick & Co., an Illinois corporation doing business in Chicago, for the purchase of hotel furniture and equipment to the amount of $43,614.63. The sale was made, and on June 1, 1925, Somers, having paid the corporation $14,-538.20, executed a chattel mortgage to secure 18 notes, dated May 7, 1925, signed by Somers, and payable monthly to the company, for the balance of the purchase price. Seventeen of these notes were for $1,200 each, and the last…