International Harvester Co. v. Simpson

Appellee sued appellant for the statutory penalty for the failure to enter satisfied on the margin of the record of a mortgage. Sections 9023, 9024, Code. He had given a chattel mortgage to secure two notes. Instead of paying the one which matured last, he obtained an extension upon the execution of another note and a mortgage on additional property. Both mortgages were promptly recorded. After the latter note matured for some fifty to sixty days, he paid it on October 26, 1929, and it and the new mortgage were sent to him. In a few days he wrote a letter to defendant as follows: “Upon…