Robinson v. Friendly Finance Co. of Biloxi, Inc.

The appellant Emmitt S. Robinson borrowed $2,800.00 from the Acceptance Corporation of Mississippi, payable in 24 installments of $120.00 each. It is alleged that Em-mitt S. Robinson gave a chattel mortgage at the same time, to secure the payment of the note, in which Louis *241Hengin was named trustee. The loan transaction was arranged through the Friendly Finance Company of Biloxi, Inc., acting as a loan broker. The appellant failed to make the payments on the note, and the appellee purchased the note from the Acceptance Corporation of Mississippi, for the balance due on the note. The note and…