C. I. T. Corp. v. J. B. Lee Tractor & Implement Co.

BOLIN, Judge.

C. I. T. Corporation brought suit against • J. B. Lee Tractor and Implement Company and against Arvin Conner, a non-resident, seeking $14,877.12 representing the sum advanced on March 21, 1966, to defendant company as consideration for the latter’s assignment of its lease to Conner of certain heavy equipment. Concurrent with as*107signment of the lease, and as security therefor, Lee Tractor Company also assigned all its right, title and interest in the equipment to plaintiff. In order to preserve the security, plaintiff sought and was granted a writ of sequestration of the property…