Motors Securities Co. v. Tullos

DREW, Judge.

This case is before us on a suspensive appeal from an order of executory process.

On March 16, 1937, defendant executed a chattel mortgage by authentic act covering a Ford truck, in favor of Wray-Dick-inson Company, Inc., and executed a note which is duly paraphed for identification with said mortgage, for the amount of $631.68. On the face of the note, it is divided into sixteen payments of $39.48 each; the first payment, due April 16, 1937, and the remaining payments due -on the same date of each succeeding month.

This note was transferred to the present holder, who is the…