Securities Investment Co. v. Maxwell

The action was brought to recover upon a promissory note given to the plaintiff’s indorser, the Gus V. Brecht Butchers’ Supply Company of St. Louis, by the defendant. Such note was one of a series given in pursuance of the provisions of a contract of conditional sale dated July 14, 1926, and executed by the Butchers’ Supply Company and the defendant. The contract *161of conditional sale contained, among other things, the provision: “It is agreed that the title to the property covered by this contract * * * shall not pass to the purchaser until the entire purchase price thereof and any note or…