May Way Mills, Inc. v. Jerpe Dairy Products Corp.

September 15, 1939, Bill Benson executed a note in favor of appellant, May Way Mills, Inc., in the amount of $372.40 in payment for 1,000 “Barred Rock” chickens and the necessary feed to prepare them for the market. On the same date, to secure payment, Benson executed a chattel mortgage on the chickens in question and two Jersey cows. The mortgage was duly filed with the recorder of Washington county, Arkansas, in compliance with the statute. (Section 9434, Pope’s Digest.)

January 23, 1940, while the lien of this mortgage was in full force and effect, Benson sold to appellee, Jerpe Dairy…