Dixon v. Thomas

Thomas W. Dixon and his wife sold the Bear Creek Ranch in Big Horn County to Mr. and Mrs. Jack Goggins, including in *970the sale 2,400 head of sheep. A chattel mortgage on the sheep for part of the purchase price was given by Goggins and his wife to the Dixons. It was duly filed for record. Subsequently, the interest of the Gogginses was assigned to brothers by the name of Buckley.

The First National Bank of Sheridan loaned money to the Buckley brothers and took a chattel mortgage on cattle, farm machinery and 2,380 sheep. When the Dixons afterwards started to foreclose their mortgage, a…