Rock Island Plow Co. v. Cut Bank Implement Co.

The defendants, the Cut Bank Implement Company, a copartnership consisting of Alfred Klein and Edward Murphy, and the copartners individually, have appealed from a judgment and decree of foreclosure entered against them and in favor of the plaintiff, the Rock Island Plow Company, a corporation.

The record discloses that prior to 1924 the defendants were indebted to the predecessor of the plaintiff, the Northern Rock Island Plow Company, in excess of $19,000, and had turned over to the creditor certain notes of a face value of approximately $16,000 as “collateral security” for the debt. On…