Hodges v. Leach

STOKES, Justice.

The record in this case reveals that on May 24, 1945, appellee, W. W. Leach, sold to the appellee, D. K. Baucom, one steel combination spudder and rotary drilling rig and as consideration therefor, Baucom executed and delivered to Leach his promissory note for the sum of $2400 due and payable one year after date, bearing interest at the rate of 6% per annum and providing for 10% addition as attorney’s fees. To secure the payment of the note Baucom executed and delivered to Leach a chattel mortgage on the combination rig. The description of the property included a large number…