Ritchie Grocer Co. v. Saders

J. Seaborn Holt, Associate Justice.

Prior to November 9, 1953 appellee, B. M. Ritchie, operated a mercantile business at Hampton, Arkansas, and on this date he sold the business, fixtures and merchandise to W. D. Sanders. On this same day Ritchie took Sanders’ note for $8,100 payable in sixty monthly installments of $135 each and to secure payment of the note Sanders executed a chattel mortgage covering the fixtures, which were particularly described, and “also, my entire stock of merchandise, now in my store in the Ritchie Building, and that which may hereafter be stocked from time to time in…