Martin v. Arnold

Arnold was plaintiff, Martin was defendant, and Owen was intervener in the trial court. Arnold was engaged in the used car business in Okmulgee, and in October, 1948, sold a used 1941 International Pick-up, 3/4th Ton Truck, Motor No. GRD21, to Owen. Owen executed his promissory note in the sum of $450, and a chattel mortgage on the truck to secure the payment of the note. Arnold being indebted to Owen on another business transaction credited Owen’s note in the sum of $150 leaving a balance due in the sum of $300, payable within a year at ten per cent (10%) interest, which interest at the date…