Sowards v. State

Deen, Presiding Judge.

1. The defendant was tried and convicted on an accusation charging him with removing and transferring the inventory of the Village Market, consisting of groceries, toys and like items, with intent to hinder enforcement of a security interest therein. The undisputed evidence was that Sowards bought the business, including a right to sublease the premises, and secured his note with collateral consisting of furniture, fixtures, equipment and "inventory consisting of the value of $4,500,” in September, 1973. The business was not a success and monthly installments were not…