Federal Mortgage & Finance Co. v. Bohne

HIGGINS, Judge.

This is a contest between a chattel mortgage creditor and the owner of an automobile repair shop over the proceeds of the sale of a Chevrolet coach; each claiming that its respective claim is entitled to preference and priority.

The plaintiff, as holder and owner of the defendant’s promissory note dated August 1, 1931, and secured by a chattel mortgage on the Chevrolet' coach automobile, proceeded via ordinaria and obtained a judgment for $108, the balance due on the note, together with 8 per cent, interest from February 12, 1932, and 20 per cent, attorney’s fees and recognition…