Union Securities Co. v. Adams

Blume, Justice.

It appears, from a stipulation of facts herein, that on January 30, 1923, one J. C. Adams purchased from the Wroten-Hundley Motor Company, a Texas corporation, one of the plaintiffs below, one certain Dodge automobile. Adams paid some cash and on the same day executéd a chattel mortgage to the Union Securities Company, another Texas corporation, one of the plaintiffs below, to secure a noté, executed on the same day for $772, which represented the balance of purchase price for said automobile. The chattel mortagage was duly filed for record in compliance with the laws of the…