Klingstein v. Vaughan

B. E. Vaughan, trustee, plaintiff, recovered against E. L. Klingstein, defendant, a judgment for $1,600, which is now before us for review.

On November 22, 1923, Leo G. Sheridan, a defaulting cashier of the First National Bank of Lexington, Lexington, Virginia, executed a deed of trust conveying all of his personal property to B. E. Vaughan, trustee, to secure the payment of the amount he owed the bank. Among the specific property conveyed was “one Studebaker coupe, now in the possession of said Sheridan, in the town of Lexington.” The deed also conveyed “all of the tangible personal property…