Newcomb v. Guthrie

This is an appeal from a decree refusing to enforce a conditional sales contract.

On August 1, 1923, F. E. Newcomb sold to C. W. Guthrie and L. E. Spangler his entire stock of merchandise and fixtures located at No. 1616 3rd Ave., N. W., Boanoke, Virginia, for $2,463.58, reserving title to the property by a conditional sales contract until the purchase money should be fully paid. He took from the purchasers as collateral to the contract three notes dated August 1, 1923, for the sum of $821.16 each, payable to his order, thirty, sixty and ninety days from date, respectively. The merchandise and…