Advance-Rumely T. Co., Inc. v. Jacobs

—Appellant sold and delivered to respondents a tractor and one set of five and one-half inch spade cleats (such equipment being hereinafter referred to as a “tractor”) and thereafter respondents executed and delivered to appellant two promissory notes in payment thereof and secured said notes by chattel mortgage upon said tractor. Upon respondents’ failure to meet the payment as stipulated in said notes and mortgage, appellant declared the entire indebtedness due and proceeded by notice and sale to foreclose the chattel mortgage. Under such foreclosure the tractor was sold at public auction…