Automobile Underwriters' Co. v. Rhinehold

Appellant sued appellee to recover on four promissory notes executed by him, amounting in the aggregate to $180, and to foreclose a chattel mortgage on a Jordan automobile executed to the San Antonio Cadillac Company; the consideration for said notes and mortgage being the sale to ap-pellee of sa'id Jordan automobile. It was alleged that the notes and mortgage "had, for a valuable consideration, been transferred' and assigned to appellant. Tbe reasonable value of tbe automobile was alleged by appellant to be' $450. Appellee admitted bis liability for tbe $180, evidenced by tbe promissory…