Sandy Valley Grocery Co. v. Patrick

Opinion op the Court by

Judge Thomas

Affirming.

The various appellants were creditors of Paris Pelphrey and Beulah Pelphrey, who were jointly engaged in operating two retail grocery stores in the city of Ashland, Ky. The indebtedness of the separate appellees was evidenced by notes executed by the two Pelphreys, to secure which they executed mortgages on the contents of the two grocery stores, all of which occurred in 1932. The debtors remained' in possession of the mortgaged stocks of merchandise and operated them until January 11, 1935, when appellants filed this equity action against them in…