State Trust Co. v. M & J FINANCE CORP.

Basically the ajipellant, M & J Finance Company, challenges the judgment from which appeal is taken, on the ground that the court erred in answering the first and fifth issues as indicated. It invokes, and undertakes to bring its case within the well settled principle of law stated and applied in Discount Corp. v. Young, 224 N.C. 89, 29 S.E. 2d 29, that a mortgagor left in possession of goods, which, in contemplation of the parties, are to be disposed of by him in the ordinary course of trade, is the agent of the mortgagee to the extent that he may pass title to the goods, sold in the usual…