Harris v. Stem

At the time of the occurrence of the events on which this suit is based, defendant, George W. Stem, was engaged in what is known as the "finance business" in New Orleans, making loans on furniture, automobiles and other securities and conducting his business under the name "Old Reliable Finance Company."

Plaintiff, Saul Harris, on November 22, 1940, borrowed from Stem $420.12, and, as security for the loan, granted a chattel mortgage on a 1936 Model, four-door Oldsmobile sedan and certain household furniture. The loan was to be repaid in installments, most of which at the time of the…