Redi-Spuds, Inc. v. Dickey

VIOSCA, Justice ad hoc.

This is a suit on a promissory note in the sum of $4,000, dated July 3, 1953, payable ninety days after date, with interest at five per cent per annum from maturity until paid and ten per cent attorney’s fees. The note contains the following provision:

“The vendors privilege on machin,.ery, pe,r list at-tqched sold to. me .by Redi-Spuds, Inc. on 6/25/53 is hereby recognized by me in favor of the vendor, and of any and all future holders of this note, and I bind and obligate myself not to sell, pledge or dispose of said machinery to the prejudice of this privilege.”

When…