Yoakum v. Western Casualty and Surety Company

MOISE, Justice.

On April 2, 1962, Jones Motor Company, a corporation, hereinafter referred to as Jones, was operating a new and used car business in Albuquerque. On that date plaintiff' purchased a Ford pick-up truck and camper for $2,418.95 cash and received possession thereof with assurances that a clear certificate of title would be-delivered in due course. . ■

This never came to pass because, as was subsequently determined, title to the pick-up truck stood in the name of Commercial Car and Truck Leasing Company, a subsidiary of Jones. A duly recorded chattel mortgage securing a $1,920.00…