Ralls-Tex Mill, Inc. v. PLAINS WHITE TRUCK COMPANY

DENTON, Chief Justice.

This suit was instituted by Plains White Truck Company against Ralls-Tex Mill, Inc. and Jean D. Smith, individually, for a deficiency after foreclosure against the vehicle secured by a chattel mortgage. At the conclusion of the plaintiffs’ evidence, all parties moved for an instructed verdict. The trial court granted the plaintiffs’ motion and rendered judgment for the plaintiffs against the two defendants jointly and severally. Both defendants have appealed.

The instrument sued upon was designated “Purchase Money Chattel Mortgage”. It described the truck purchased by…