Hughett v. Shain

Opinion of the Court by

Judge Clay-

Reversing.

The Hngliett-Ramsey Motors, a corporation, was engaged in the business of selling automobiles and trucks. J. L. Hughett was its president, and E. D. Ramsey was its secretary and salesman. In the fall of 1929, the Hngliett-Ramsey Motors, through its secretary and salesman, Ramsey, sold to' Tom Logan a truck for $1,558.40, of which the Henderson Sales Finance Corporation furnished $1,016.16, secured by a mortgage on the truck. For the balance of $542.30 Logan executed Lis note with J. L>. Shain, as surety, dated November 7, 1929, and payable six…