Chavez v. McGuire

OPINION

COMPTON, Justice.

The appellee, Pat Chavez, Sr., brought this action against Pat Chavez, Jr. to foreclose a chattel mortgage covering a liquor license owned by Pat Chavez, Jr., but at the time was in the hands of appellant McGuire as receiver. McGuire, an assignee of a prior note and chattel mortgage covering the liquor license, answered, counterclaimed, and cross-claimed asserting that the balance due him secured by his prior chattel mortgage was the principal sum of $20,000.00. The court found and concluded, however, that the balance due appellant after deducting certain payments was…