Skyline Furniture, Inc. v. Gifford

OPINION

FRASER, Chief Justice.

This is an appeal from the County Court at Law No. 2 of El Paso County, Texas. The facts, briefly, are that appellee brought suit on a promissory note secured by a chattel mortgage which appellee had purchased from appellant. The basic part of such assignment is as follows:

“PAY TO FINANCE TRUST CO. WITHOUT RECOURSE, For VALUE RECEIVED, the promissory note and purchase money mortgage between the Purchaser and undersigned are hereby endorsed and assigned respectively to said assignee and all right, title and interest of the undersigned in and to the property therein…