Carter Guaranty Co. v. Cumberland & Manchester Railroad

Opinion op the Court by

Judge Logan

— Affirming.

On August 14,1925, W. C. Smith purchased an automobile from Parmer & Co., of Pineville, Ky., and executed his promissory note to Parmer & Co. for $757.50 to cover the unpaid purchase price. At the same time he executed a chattel mortgage to said company on said automobile to secure the payment of the notes. On the same day said company sold, transferred, and assigned the note and mortgage to the appellant, Carter Guaranty Company. ’ On August 18, 1925, appellant mailed the mortgage with the check to pay the recording fees to- the clerk of the Knox…