Securities Investment Corp. v. Krejci

The action is replevin for a second-hand automobile truck under a claim of special ownership by virtue of a chattel mortgage.

M. A. Krejei, defendant, bought the truck from the Motor Exchange & Refinance Company of Omaha November 25, 1932, and to secure a portion of the purchase price executed later the same day a note and a chattel mortgage on. the truck for $319.60, payable to the seller in eight monthly instalments of $39.95 each, beginning December 26, 1932. The note and mortgage were assigned to Securities Investment Corporation, plaintiff, November 30, 1932. The instalment of $39.95 due…