Savant v. Gilley

YELVERTON, Judge.

The primary issue presented by appellants, Samuel Kyle Gilley and Mona Reed Gilley, is whether the actions of a chattel mortgage debtor in liquidating the inventory and equipment of a grocery store covered by the mortgage, in violation of terms and conditions of the mortgage, justified a suit to accelerate the mortgage note and an order granting the provisional remedy of sequestration, even though the initial installment payment under the note was not yet due when the suit was filed. The second issue is whether, on the trial of a motion to dissolve the writ of sequestration,…