Universal Automobile Ins. Co. v. Morris Finance Corp.

This suit was instituted by Morris Finance Corporation against C. W. Murphy, as maker, and' J. H. Rushing, M. N. Kleiman, and L. Kleiman, as indorsers, on ten certain promissory notes for the sum of $80 each, and 15 per cent, attorneys’ fees, as provided in the notes. The notes were secured by a chattel mortgage on a Packard automobile, which had burned after the execution of the mortgage, and the mortgagee in its petition expressly waived a foreclosure of its mortgage lien because the salvage was practically worthless. The maker and in-dorsers answered by general denial and various special…