Lonoke Production Credit Ass'n v. Bohannon

Frank Holt, Associate Justice.

This appeal involves the application of our Uniform Commercial Code. The first issue presented relates to the competing claims of appellant and the appellee, Raymond W. Strange.

On August 2, 1962, Charles Bohannon and his wife purchased some used farm machinery from a neighboring farmer, appellee Strange, giving a chattel mortgage with power of sale to secure the purchase price of $750.00 as evidenced by their note. The Bohannons took possession of the machinery. Appellee Strange did not file his mortgage until January 16, 1963.

On September 25, 1962, the appellant…