Bankers Life & Casualty Co. v. Pinkerton-Hays Lumber Co.

The appellant, Bankers Life and Casualty Company, seeks review of a final decree of foreclosure of a chattel mortgage. Appellant contended, first, that if the equipment described in the mortgage was a chattel it had title to it by virtue of a bill of sale received prior to the execution of the mortgage [with the exception of one chattel] and, second, that the' equipment described was in fact not a chattel but was an integral part of the real estate owned by Bankers Life and Casualty Company and, therefore, a “fixture”. After hearing testimony and receiving evidence, the chancellor rendered…