Adel Banking Co. v. Parrish

(After stating the foregoing facts.) 1. It *331is conceded that the bill of sale to secure debt held by the plaintiff is a junior lien to that of the Moultrie National Bank. It is also conceded that at the time the claimant received the transfer of the note and bill of sale he made a final payment on the equipment of $105.49, that the amount of this final payment was due him in any event, and that a tender of that amount was made and refused, the claimant contending that he was due the total amount of payments made by him after his agreement with the defendants to take over the obligation and the…