Reconstruction Finance Corp. v. Hambright

— Owen Hambright and wife, in the operation of their dry cleaning and laundry business at Soap Lake, had an open account with Farmers Warehouse Company, a corporation. January 12, 1939, the Hambrights executed, as security for payment of a loan of twenty-five hundred dollars from the mortgagee, a chattel mortgage (which was duly placed of record) to Reconstruction Finance Corporation. The chattel mortgage listed certain machinery and equipment, including one Ford panel delivery truck, motor No. 3792778, located on the premises of the mortgagors, and other items of equipment described as…