Noble Company v. Mack Financial Corporation

This civil action was brought to enjoin the sale at public auction of two motor vehicles and to pray for an adjudication by the court of the validity of a security interest held by the plaintiff in the two trucks.

It appears that The Noble Company, hereinafter referred to as plaintiff, sold to A B C Truck Rentals, Inc., hereinafter referred to as Truck Rentals, three Autocar trucks, receiving in payment therefor three promissory notes in the amount of $6,000 each, a chattel mortgage, and a security agreement. It is not disputed that a financing statement was never filed. Subsequently Truck…